
Bitdeer’s decision to liquidate its entire Bitcoin treasury to fund an AI pivot highlights stressed mining economics and forces a re-think of miner capital allocation. The move signals both a short-term increase in BTC supply pressure and a longer-term industry shift as miners diversify revenue and manage solvency risks.

A deep dive into how large ETF outflows, collapsing hashprice and shifting institutional positioning are feeding a feedback loop that amplifies Bitcoin volatility. Practical scenarios and hedging options for miners and institutional traders.