Bhutan's Druk Holding and Investments (DHI) CEO Ujjwal Deep Dahal said in 2026 that he does not "recall" the country selling bitcoin this year, even as onchain-based reports have suggested reductions in holdings. Arkham-labeled wallets show Bhutan's BTC balance falling from 13,000 BTC in Oct. 2024 to 3,121.22 BTC, valued at $243.72 million. Arkham told Coindesk the wallet labels are generated using public data, AI, and other methods, but have not been independently verified with Bhutanese officials.

Strategy said on Friday it plans to repurchase $1.5 billion of its 0% senior convertible notes maturing in 2029, which it said would retire about half of that tranche's outstanding debt. The company also disclosed an estimated $1.38 billion buyback agreement reached through privately negotiated transactions with some noteholders on Thursday, with settlement expected Tuesday and the final amount subject to market conditions.

Bitcoin's rebound from $78K lost steam after another rejection beneath $80K, with resistance also clustered near the descending 200-day moving average around $82K. The setup keeps downside risk elevated, with analysts flagging $75K–$76K as the first key demand area and $70K–$71K as a deeper support zone if selling pressure builds.

Bitcoin (BTC) slid below $78,000 on Saturday and printed an intraday low of $77,614, its weakest level since May 1. Traders pointed to weakening support with $75,000 and even lower levels on watch, while some argued the move could be setting up a "bear trap" as open interest rose and funding rates turned negative.

US-listed spot Bitcoin ETFs recorded a $1 billion net outflow over the past week, ending a six-week stretch of inflows and equating to roughly 14,000 BTC leaving the funds. Bitcoin fell about 3% over the same period to $78,074 at press time as markets digested hotter inflation readings and shifting expectations around Fed policy.

Bitcoin fell below $78,000 on Saturday morning, touching an intraday low of $77,614 before stabilizing near $78,000. The move pushed 24-hour losses to 3.2%, pulled market cap to $1.56 trillion, and coincided with nearly $700 million in liquidations, including $666 million in longs.

Bitcoin fell to $78,000 on May 16, 2026 after more than $500 million in long positions were liquidated overnight. The pullback came a day after the U.S. Senate advanced the Clarity Act, which had helped spark a 5% XRP rally, but broader macro pressures weighed on risk assets.

Bitcoin fell below $78,000 after a short-lived rally that jumped from under $79,000 to $82,000 following progress on the CLARITY Act. Analysts pointed to miner selling of 800 BTC (about $64 million) and warned the move could mark a bull trap, with one calling for a potential drop toward $63,000. Others argued losing $80,000 support does not automatically imply a steep crash.