A major Bitcoin miner just wiped its balance sheet clean.
Bitdeer has reduced its corporate Bitcoin holdings to zero, selling both newly mined coins and reserves accumulated over the past months.
The move caps an eight-week drawdown that began in late December, when the company still held over 2,000 BTC. By mid-February, reserves had slipped below 1,000 BTC before the final liquidation pushed holdings to zero.
Source: Bitdeer
In January, the company mined 668 BTC but sold over 1,100 BTC. It has now shifted to selling newly mined coins the same week, moving away from the old treasury hold strategy.
At the same time, it raised capital through convertible notes and equity. The funds are going toward data center expansion, AI, and high-performance computing, plus debt management.
The stock price has been falling, and miners overall are feeling pressure as block rewards shrink and competition rises.
Maybe this is a balance sheet reset and a pivot toward new revenue streams. But when a miner stops holding and starts selling consistently, the market pays attention.
Bitcoin Price Prediction: Should BTC Investors Be Nervous?
Bitcoin just broke below the lower edge of the triangle. That flips the short-term structure from compression to weakness.
Source: BTCUSD / TradingView
The rising support that was holding price together failed, and BTC slid back toward $65,000. That kills the clean breakout setup and opens the door for a deeper test around $64,000. Lose that, and $60,000 becomes the next key downside level.
This is not a macro collapse yet. Price is still well above the broader $60,000 swing low. The higher time-frame structure only breaks if that base is decisively lost.
In the short term, the chart remains cautious. To shift momentum back up, BTC needs to reclaim the broken trendline and push above $71,000.
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