Mining companies "mine and sell at the same time," Bitdeer sends a not-so-optimistic signal

Recent disclosures show that Bitdeer mined a total of 177 BTC in the week ending April 17, but sold all of them during the same period, with a net holding still at zero, continuing to maintain a "zero coin hoarding" stance.

This operation is very worth warning against at the current stage—
Mining companies are not choosing to hold coins, but opting for immediate liquidation, which essentially reflects a focus on cash flow rather than bullish expectations.

Especially against the backdrop of continuously rising hash rates and increasing cost pressures, more and more mining companies are shifting from "hoarding coins for the future" to "selling coins to survive."

What does this mean?
In the short term, the selling pressure from miners is still being released;
In the medium term, the industry is experiencing a round of structural reshuffling.

Who is truly worth paying attention to? It’s not who is mining, but who can still hold on without selling.

(When miners are unwilling to bet on the future, the market is often brewing a new turning point)