Bhutan's 434 BTC Sell-Off: The Quiet Pragmatism Behind Sovereign Treasury Shrinkage
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Fear
Market Sentiment
Team and early investor shares released
Independent validator client goes live on mainnet
Raises validator limit and account abstraction
Block reward reduced to 3.125 BTC
Block reward halving event
92 million ARB released
Improves data availability sampling efficiency
Circulating supply increases by about 2%
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Bitcoin Season