A few days ago, Bitdeer liquidated $BTC , tricking some people into selling off their holdings, but BTC has rebounded over the past couple of days.

This news is just media hype to attract traffic; in reality, it was just Wu Jihan's BitDeer clearing out a few hundred Bitcoin. Mining farms selling coins is very normal. With their current hash rate, they can mine thousands of Bitcoin a year. Based on past bear markets, miners and mining farms that mine and sell tend to survive longer. Miners betting on the coin price and hoarding coins essentially turn business into speculation. Past speculative behavior has created a group of miners, but many miners couldn't withstand the big bear markets and ended up failing. Currently, the crypto market still needs to attract a large number of stock token investors during the bear phase. Miners should lock in profits in a timely manner rather than hoarding coins and gambling on the price.