News
5 Feb 2026, 10:41
Miners are being squeezed as bitcoin’s $70,000 price fails to cover $87,000 production costs

Bitcoin is now approximately 20% below its estimated average production cost, historically a feature of a bear market.
5 Feb 2026, 10:30
Crypto Millionaires Are Accumulating This Cheap Altcoin, It’s Still Under $1 After 300% Surge

A new era of the cryptocurrency market is taking shape whereby big investors are changing their focus. Investors are no longer running after altcoins that are most famous to get colossal profits. Instead, they are entering younger projects which are technically useful. The number of traders that are well experienced is now accumulating in a certain sub $1 asset with significant indications of long term value. This specific project is as the smart money continues to pour into the project despite the volatility of the wider market. This asset has a window of opportunity that is starting to close as the technical roadmap of the asset attains significant milestones. Development of Mutuum Finance (MUTM) Mutuum Finance is a decentralized lending and borrowing protocol developing on the Ethereum blockchain. It establishes a safe mechanism for users to gain access to liquidity without having to sell their digital property. Since the project was introduced at the beginning of 2025, it has experienced remarkable growth. It has been able to raise more than $20.35 million and build a community of more than 19,000 holders. This is an impressive growth rate that demonstrates the market’s belief in the vision of the team. The protocol’s design aims to operate using a dual lending system to meet different user needs. The Peer-to-Contract (P2C) model uses shared liquidity pools where interest rates adjust automatically based on demand, allowing for instant borrowing. The Peer-to-Peer (P2P) model allows for direct agreements between users, where they can negotiate their own interest rates and collateral terms. This is especially useful for more volatile assets that may not fit into standard pools. V1 Protocol Roll Out In the recent past the project reached a massive milestone with its V1 protocol being introduced in the Sepolia testnet. This means that it is a working and dynamic code that has liquidity pools and computerized risk management systems. V1 protocol launch in particular will enable users to test the essential functions like asset supply and borrowing of USTD, ETH, WBTC and LINK as well as minting of yield bearing mtTokens. It also has a functioning dashboard to monitor the real-time health of the loans and an automated liquidation tool to ensure the protocol does not go off. Mutuum Finance has also survived a complete security audit by Halborn to secure these operations. This third-party audit proves the fact that the smart contracts are secure and can be used on the institutional level. Sustainability and Future Market Plans According to the official whitepaper , the protocol’s ecosystem is meant to reward its players by a buy and distribute mechanism. A part of the protocol earnings is to buy MUTM tokens in the open market. Such tokens are later distributed to the members of the community that support the network via staking. This brings a vicious circle of high demand and compensates long-term owners. In the future, Mutuum Finance’s team affirmed to plan on an over-collateralized stablecoin. The interest earning collateral in the protocol will support this asset and will even be more useful to the borrowers. Analysts feel that this technical growth might be a significant trigger to token appreciation. Several experts believe that MUTM could hit as high as 0.25$ by the end of 2026. When the protocol proceeds to grow as anticipated, some predictions indicate a potential increase to the $1.00 mark in 2027. The Ultimate Entry Mutuum Finance is making itself a pioneer of the new crypto generation of decentralized finance. It is a blend of a practical technical product and a high level of security and sustainable economic model. The project is at Stage 7 of its distribution where MUTM is valued at $0.04. This is the 300%increase since its inception but is still far behind the established launch price of $0.06. Presale phase stage 7 offers investors a discount on MUTM by 50% compared to the official market launch. It is also a very important time since the spend that whales get is rising and the rest of the supply is getting sold out fast. With the project heading towards its mainnet launch, this window of getting in at these rates at such an early stage is disappearing. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://www.mutuum.com Linktree: https://linktr.ee/mutuumfinance
5 Feb 2026, 08:46
Bhutan continues to sell off BTC holdings amid rising mining costs and price dips

The Royal Government of Bhutan has sold more than $22 million of its self-mined Bitcoin. Notably, the cryptocurrency was mined through its state-run mining project, as BTC’s price continued to decline and mining operations became increasingly complex and challenging. According to blockchain analytics firm Arkham Intelligence, the Himalayan kingdom transferred 184 BTC (about $14 million) on Wednesday and 100.8 BTC (about $8.3 million) last Friday to addresses associated with institutional market maker QCP Capital, a move that typically precedes selling into liquid markets. Notably, QCP Capital is a prominent Singapore-based, full-suite cryptocurrency trading company. Sources alleged that, as a crypto market maker, QCP Capital received assets from Bhutan’s reserve, indicating a completed purchase, since market makers play a crucial role in converting those assets into liquid markets. Bitcoin’s price decline shocks the crypto market Bhutan officially began Bitcoin mining operations in 2019, primarily using hydroelectric power. Over the years, this initiative helped Bhutan build one of the more substantial Bitcoin holdings among nation-states. At this moment, Arkham noted that the country had collected around $765 million in Bitcoin. Nonetheless, the blockchain analytics platform reported a roughly twofold increase in Bitcoin’s marginal production cost since the 2024 Bitcoin halving. As a result, Bhutan is currently producing significantly fewer Bitcoin than in 2023, when 8,200 BTC were mined. For instance, the total number of Bitcoins in Bhutan’s reserves has sharply declined from an all-time high of 13,295 BTC in October to a low of 5,700 BTC. Moreover, data from Bitcoin Treasuries showed that the country has dropped in ranking, now ranking seventh in terms of Bitcoin holdings, lagging behind nations such as the US, China, the UK, Ukraine, El Salvador, and the United Arab Emirates. This situation prompted reporters to reach out to Druk Holding and Investments, the premier commercial and investment arm of the Royal Government of Bhutan, which manages its Bitcoin plan, to clarify the matter. However, they declined to respond to the request. Still, blockchain analysts and crypto news outlets report that Bhutan’s recent transfers are part of a continuing pattern of sovereign Bitcoin sales, typically executed in tranches of around $50 million rather than a sudden liquidation. Investors opt to adopt safer, less risky options amid heightened economic instability Bhutan has seen its Bitcoin holdings decline as the cryptocurrency’s price has fallen sharply from its 2025 peak , dropping by more than 40 % from an all‑time high above $126,000 in October to around $72,000, exerting pressure on asset valuations. At the same time, the network’s 2024 block reward halving doubled the cost of mining one Bitcoin, making mining operations less profitable and prompting Bhutan to reconsider its accumulation strategy. Regarding this decline, analysts noted that investor sentiment has deteriorated, matching the pessimistic levels seen in mid-2022 in the last three months. In attempts to explain the situation, sources claimed that Bitcoin experienced a drop amid US government shutdowns , ongoing tariff threats from US President Donald Trump, and the postponement of crypto market structure laws in Washington. In the meantime, analysts found that although global liquidity is near an all-time high, investors are pivoting toward safer, less risky options such as gold and silver amid broader economic instability. Other factors that have contributed to recent debates regarding the fate of Bitcoin include network hash power slipping from the zetahash milestone and fear that quantum computing could break the encryption securing digital wallets, prompting several operators to cease using economically unviable mining equipment. Join a premium crypto trading community free for 30 days - normally $100/mo.
5 Feb 2026, 08:00
Bhutan Shrinks Bitcoin Reserves Amid Worsening Mining Economics

The move happened amid falling prices and rising post-halving mining costs, which sharply reduced the country’s holdings and global ranking among sovereign Bitcoin owners. At the same time, US-based spot Bitcoin ETF investors are mostly holding their positions despite deep unrealized losses and a four-month market downturn. Analysts point out that outflows are still relatively modest compared with the scale of earlier inflows—suggesting that long-term conviction among ETF holders is still intact. Bhutan Cuts Bitcoin Holdings Bhutan stepped up Bitcoin offloading from its national reserves, moving more than $22 million worth of the cryptocurrency as prices decline and mining economics deteriorate. On-chain data from Arkham shows that the Himalayan kingdom transferred 184 Bitcoin, valued at roughly $14 million, from its holdings on Wednesday. This followed an earlier transfer of 100.8 Bitcoin worth about $8.3 million late last week, bringing the total value of recent movements to approximately $22.3 million. According to Arkham, the Bitcoin was sent to QCP Capital, a crypto market maker that often facilitates large asset sales by providing liquidity. While transfers to market makers do not automatically confirm a sale, they are widely seen as a strong indicator that the assets are being prepared for liquidation on the open market. The timing of the transfers also happened Bitcoin prices continued to slide, placing even more pressure on miners whose costs have risen sharply since the 2024 halving event. Bhutan’s Bitcoin strategy dates back to 2019, when the country quietly launched a state-backed mining initiative powered largely by hydroelectric energy. Since then, the country accumulated an estimated $765 million worth of Bitcoin through mining, making it one of the biggest sovereign holders of the asset. However, Arkham data indicates that the cost of mining a single Bitcoin roughly doubled since the most recent halving, which greatly reduced profitability. As a result, Bhutan is now producing far fewer coins than it did during peak periods. In 2023 alone, the country mined approximately 8,200 Bitcoin, which current conditions no longer support. Government Bitcoin holdings (Source: BitcoinTreasureis.NET) These recent sales materially reduced Bhutan’s overall Bitcoin reserves. Holdings have fallen from a peak of 13,295 BTC in October of 2024 to roughly 5,700 BTC today. This decline also altered Bhutan’s standing among government Bitcoin holders. Data from Bitcoin Treasuries shows that Bhutan slipped to seventh place globally, now trailing the United States, China, the United Kingdom, Ukraine, El Salvador, and the United Arab Emirates. While the government has not publicly explained the latest transfers, Arkham pointed out that Bhutan has a history of selling Bitcoin in sizable batches, often around $50 million at a time. US Bitcoin ETF Investors Hold On While Bhutan might be looking to offload its Bitcoin, US-based spot Bitcoin ETF investors are showing relatively strong conviction despite the prolonged downturn in Bitcoin’s price. This is according to commentary from leading ETF analysts and market researchers. ETF analyst James Seyffart said in a post on X that ETF holders are “still hanging in there pretty good,” even as Bitcoin continues a four-month downtrend that pushed prices well below recent highs. Seyffart explained that current ETF investors are experiencing their largest paper losses since US spot Bitcoin ETFs launched in January of 2024. With Bitcoin trading below $73,000, he estimates that ETF holders are sitting on unrealized losses of roughly 42%. Despite this, Seyffart thinks that recent outflows are still modest when viewed against the scale of inflows during the market’s peak. Before the October downturn, cumulative net inflows into spot Bitcoin ETFs stood at approximately $62.11 billion, but have since declined to around $55 billion, based on preliminary figures from Farside Investors . Seyffart characterized this pullback as relatively mild given the size of earlier inflows. Similar observations were shared by investment researcher Jim Bianco , who said the average spot Bitcoin ETF holder is currently about 24% underwater but continues to hold positions rather than capitulate. That behavior suggests a level of long-term conviction, even as price weakness persists. On the other hand, not everyone is optimistic. Crypto analytics account Rand pointed out that the market has now recorded three consecutive months of ETF outflows for the first time, coinciding with a roughly 25% drop in Bitcoin’s spot price over the past month. BTC price action over the past month (Source: CoinCodex ) Some analysts argue that bearish sentiment may be overly narrow in focus. ETF analyst Eric Balchunas warned that investors are being “very short-sighted,” as Bitcoin has gained more than 400% since 2022, far outperforming traditional assets like gold and silver over the same period.
5 Feb 2026, 06:47
Bhutan Quietly Sells Over $22M in Bitcoin, Triggers Speculation Over Possible Sell-Offs

The Royal Government of Bhutan has moved over $22 million in BTC out of sovereign wallets over the past week alone, drawing attention from the crypto community. One transaction, 5 days ago, was directly sent to addresses linked to market maker QCP Capital, Arkham data revealed. The moves align with Bhutan’s periodic sales of BTC since it began mining the crypto in 2019. “From our observations, Bhutan periodically sells BTC in clips of around $50M, with a particularly heavy period of selling around mid-late September 2025,” Arkham wrote . Bhutan has transferred $22.4M of Bitcoin out of their wallets in the past week to sell. Their transfer 5 days ago was sent directly to the labeled addresses of market maker QCP Capital. From our observations, Bhutan periodically sells BTC in clips of around $50M, with a… pic.twitter.com/OsL3PzPZDp — Arkham (@arkham) February 4, 2026 Besides, the Himalayan Kingdom’s crypto portfolio has gone down more than 70% from its $1.4 billion peak to $412 million, following market depreciation. Per Bitcoin Treasuries , Bhutan remains the seventh-largest government Bitcoin holder. Bhutan Heavily Mined BTC in 2023 – Data Bhutan has been mining Bitcoin since 2019 and saw more than $765 million in BTC profit. “They mined most of their BTC before the halving in 2024, and tapered heavily after that,” said the Arkham report . “This is because the cost to mine a single Bitcoin roughly doubled, which made mining less efficient.” Further, the nation seems to have mined 8,200 BTC in 2023 alone, making it the heaviest mining year. It approximately mined 1800 BTC in 2022 and 300 BTC in 2024. Wallet Transfers Show No Sign of Liquidation The BTC transfers from the government wallet in the past week come after Bitcoin has been slumping to $70,000. The largest crypto has tumbled 7.36% over the last 24 hours, outpacing the broader crypto market’s 6.39% fall. Despite the heavy transfers, blockchain data analysts note that they are more likely to be internal reallocation or custodial arrangements rather than liquidation. The country’s wallet balances remain largely unchanged. Bhutan has made similar mass wallet moves in the past without triggering market crashes. The post Bhutan Quietly Sells Over $22M in Bitcoin, Triggers Speculation Over Possible Sell-Offs appeared first on Cryptonews .
5 Feb 2026, 04:38
Bhutan moves $22M in Bitcoin as crypto slumps, mining conditions toughen

Bhutan has slipped to the seventh-largest nation-state Bitcoin holder, with its stash falling from 13,295 BTC in October 2024 to 5,700 BTC.





































