Bhutan has net sold about $120 million in Bitcoin in 2026 so far, cutting its holdings by roughly 1,700 BTC. On March 27, 123.7 BTC (about $8.5 million) was moved from a main wallet to a new address, following a pattern of breaking sales into smaller batches.

Bitcoin fell more than 7% intraday on Friday to a three-week low of $65,700, dipping below $66,000 as traders looked toward the upcoming weekly close. Analysts said a loss of the current range and the 200-week EMA could open a move toward $60,000-$62,000, while separate historical models were cited as pointing to a potential 30%-45% drawdown. At the time of writing, BTC was trading around $65,600, down 6% on the week.

Bitcoin (BTC) slid to $65.5K on Friday, 27 March, revisiting a level that previously sparked a move to $76K earlier in the month. The drop coincided with nearly $400 million in crypto long liquidations, including $172 million tied to Bitcoin, while analysts tracked long-term holder metrics for signs of accumulation versus distribution.

Bitcoin has erased its March gains and is down 1.40% on the month and 24.6% in Q1 2026, with some analysts eyeing the risk of another 40% downside. Ecoinometrics data suggests every additional 10% decline has historically added about 80 days to the time needed to regain prior highs, implying a deeper selloff could push a full recovery past Q2 2027.

Bitcoin [BTC] fell more than 6% over a volatile 48 hours and broke below the $70,000 support level, retracing toward early-March prices. Long liquidations stayed contained at under $120 million, while a newly created wallet withdrew 2,650 BTC ($179.6 million) from Binance and short-term holder inflows to Binance declined to 25,000 BTC from roughly 100K BTC in early February.

Morgan Stanley updated its S-1 for its proposed spot Bitcoin ETF, MSBT, and set a 0.14% management fee. If approved by the SEC, the fee would undercut rivals in the roughly $85 billion to $92 billion spot BTC ETF market, including Grayscale’s 0.15% and BlackRock and Fidelity at 0.25%. The bank also outlined earlier steps such as a $1 million seed investment and proposed custodians Coinbase and BNY Mellon.

Crypto market sentiment has slid to its lowest level in months, while larger Bitcoin holders have been adding coins. Over the past 30 days, wallets holding 10 to 10,000 BTC accumulated about 61,568 BTC (+0.45%), and wallets under 0.01 BTC added roughly 213 BTC (+0.42%). The backdrop included choppy broader markets and renewed geopolitical tensions, alongside a Crypto Fear & Greed Index reading of 10 on Thursday and 13 on Friday.

Morgan Stanley has proposed launching a spot Bitcoin ETF with a 0.14% fee, as outlined in its latest S-1 registration statement filed on Friday. The fee would sit one basis point below the Grayscale Bitcoin Mini Trust ETF and 11 basis points under BlackRock's iShares Bitcoin Trust ETF, potentially intensifying price competition among US spot Bitcoin funds.