BITCOIN MINERS ARE SELLING THEIR BITCOIN.


Read that again, because it should feel uncomfortable.
The companies that literally produce BTC are now dumping their treasuries.
Bitdeer went from holding 2,470 BTC to zero, and Bitfarms’ CEO openly said, “we are no longer a Bitcoin company.”
So far in 2026, public miners have liquidated over 15,000 BTC.
Mining difficulty dropped ~7.7% last week, production cost is sitting around $88K, and with BTC trading near $71K, they’re losing roughly $17K on every coin they mine.
The math hurts.
But if you’ve been around long enough, every cycle follows the same structure: miners overextend during bullish periods, price compresses, weaker operators get squeezed out, and the network resets through difficulty adjustments.
Capitulation is the reset that makes the next phase possible.
BTC-3%
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