Bhutan offloads Bitcoin as MicroStrategy adds $1.28B in BTC on 9 March

Bitcoin’s price action in early March showed a weak weekly close after touching $74k, as some institutions opted to sell while MicroStrategy increased its BTC holdings by $1.28 billion on 9 March. Bhutan reportedly sold nearly $12 million in Bitcoin and MARA offloaded 298 BTC around $69k, underscoring cautious positioning near the $75k resistance zone. Negative funding rates and mixed ETF and Coinbase flows suggest market sentiment remains defensive rather than strongly bullish.