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A significant Bitcoin mining entity has completely cleared its balance sheet.
Bitdeer has diminished its corporate Bitcoin assets to nothing, liquidating both newly mined coins and reserves accumulated in recent months.
This action concludes an eight-week decline that commenced in late December, when the firm still possessed over 2,000 BTC. By mid-February, reserves had fallen below 1,000 BTC before the final sale brought holdings down to zero.
Source: Bitdeer
In January, the company mined 668 BTC but sold more than 1,100 BTC. It has now transitioned to selling newly mined coins within the same week, moving away from its previous treasury holding strategy.
Concurrently, it has raised funds through convertible notes and equity. The capital is being allocated toward data center expansion, artificial intelligence, high-performance computing, and debt management.
The stock price has been declining, and miners in general are experiencing pressure as block rewards diminish and competition intensifies.
This could represent a balance sheet reset and a shift toward new revenue avenues. However, when a miner ceases to hold and begins to sell consistently, the market takes notice.
Bitcoin Price Prediction: Should BTC Investors Be Concerned?
Bitcoin has just dipped below the lower boundary of the triangle, altering the short-term structure from compression to weakness.
Source: BTCUSD / TradingView
The rising support that was maintaining the price has failed, and BTC has retreated toward $65,000. This undermines the clean breakout setup and opens the possibility for a deeper test around $64,000. If that level is lost, $60,000 becomes the next significant downside target.
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This does not indicate a macro collapse at this stage. The price remains well above the broader $60,000 swing low. The higher time-frame structure will only break if that base is decisively lost.
In the short term, the chart remains cautious. To regain upward momentum, BTC must reclaim the broken trendline and rise above $71,000.
New Bitcoin Presale Introduces Solana Technology to The BTC Blockchain
Bitcoin Hyper ($HYPER) is a new presale designed to enhance Bitcoin’s speed and reduce costs.
This Bitcoin-centric Layer-2, utilizing Solana technology, offers increased speed, lower fees, and genuine on-chain functionality while maintaining Bitcoin’s fundamental security.
It converts Bitcoin from a passive chart pattern into a dynamic ecosystem for payments, staking, and scalable applications.
The traction is already evident. The Bitcoin Hyper presale has raised over $31 million to date, with $HYPER priced at $0.0136751 prior to the next increase.
Staking rewards currently reach as high as 37%.
If Bitcoin surges, Bitcoin Hyper stands to gain. If Bitcoin continues to consolidate, Bitcoin Hyper still captures activity. In either scenario, momentum does not need to pause.
To purchase HYPER before it is listed on exchanges, simply visit the official Bitcoin Hyper website and connect a wallet (such as Best Wallet).
Visit the Official Bitcoin Hyper Website Here
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