Bitcoin Faces Miner, Bhutan Sell-Offs Despite Deutsche Börse's Kraken Investment

Bitcoin is under supply pressure from miner and Bhutan sell-offs, even as Deutsche Börse's $200 million investment in Kraken bolsters institutional interest and hybrid market development. The deal, announced April 15, gives Deutsche Börse a 1.5% stake in Kraken (valued at $13.3 billion by Bloomberg) and is set to close in Q2 2026 amid a minor security incident affecting 0.02% of users with no funds lost. BTC rallied to $75,600 then, but April 17 updates highlight deep liquidity ($89K depth for 5% moves) and bets on a $60,000 dip (4.5x payout potential).