Bitcoin shows conflicting flows as Bhutan sells 500+ BTC and BlackRock pulls 2,200+ BTC

Bitcoin has moved back above $71,500, but on-chain activity suggests a battle between selling and longer-term accumulation. Arkham data shows Bhutan’s government sent over 500 BTC to market, while BlackRock withdrew more than 2,200 BTC from exchanges as BTC held near $71K and watched $71,200 support and $72,500 resistance.