【Crypto World】The publicly listed Bitcoin mining company Bitdeer has recently disclosed its holdings update. As of January 2nd, the company’s Bitcoin holdings reached 2,000 coins.
Looking closely at this week’s data is quite interesting——Bitdeer mined 147.4 BTC this week, but only sold 145.7 BTC during the same period. What does this mean? A net increase of 1.7 coins in holdings.
From this trading rhythm, although the mining company is continuously cashing out, it still maintains a stance of increasing holdings. In the current volatile market, this small net buying strategy reveals the mining company’s confidence in the future market. This is also why the holdings movements of institutional miners have always been a key focus for whale monitoring——their buying and selling behaviors often represent the industry’s true outlook on the market.
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BoredWatcher
· 01-05 22:08
Mining companies are still secretly hoarding coins, which shows they have a good understanding internally.
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FallingLeaf
· 01-03 06:30
Mining companies are still secretly stockpiling, which clearly indicates they are not bearish.
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PumpDoctrine
· 01-03 06:28
Mining companies are still secretly hoarding coins; this signal can't be ignored.
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HodlAndChill
· 01-03 06:18
Mining companies slightly increased their holdings, which does have a bit of a signal flavor... But to be honest, 1.7 coins compared to the 147 coins mined isn't really much, with a cash-out ratio of over 98%. Does this truly represent confidence? Or are they just trying to reassure investors?
Nasdaq mining companies' holdings surge: BTC mining output of 147 coins, net purchase of 1.7 coins this week
【Crypto World】The publicly listed Bitcoin mining company Bitdeer has recently disclosed its holdings update. As of January 2nd, the company’s Bitcoin holdings reached 2,000 coins.
Looking closely at this week’s data is quite interesting——Bitdeer mined 147.4 BTC this week, but only sold 145.7 BTC during the same period. What does this mean? A net increase of 1.7 coins in holdings.
From this trading rhythm, although the mining company is continuously cashing out, it still maintains a stance of increasing holdings. In the current volatile market, this small net buying strategy reveals the mining company’s confidence in the future market. This is also why the holdings movements of institutional miners have always been a key focus for whale monitoring——their buying and selling behaviors often represent the industry’s true outlook on the market.