Bitcoin Price Faces $45K Risk as Bitdeer Sells All BTC Treasury

Bitcoin price is trading in a fragile zone as miners and macro sentiment reshape risk appetite. Bitdeer revealed it has sold all corporate Bitcoin holdings and reduced its treasury balance to zero. Meanwhile, chart analysts are pointing to downside targets and key cost-basis supports that could shape the next move.

Bitdeer Liquidates Bitcoin Treasury and Sells Newly Mined BTC

Bitdeer said its “pure holdings,” excluding customer deposits, have dropped to 0 Bitcoin in its latest operational update. Over the course of a week, the miner produced 189.8 BTC and sold the entire amount. It also sold an additional 943.1 BTC from its existing treasury reserves.

In its Feb. 13 update, Bitdeer continued to hold 943.1 BTC after selling most of the mined coins that week. That previous pattern resembled regular funding sales with retention of treasury exposure. This time the move was total, which is less typical for miners that often keep some Bitcoin on their balance sheets.

The disclosure came down alongside another capital headline. Bitdeer announced plans to raise $300 million by way of convertible senior notes with $45 million of optionality. The notes are due in 2032 and can be converted into stock, cash, or a combination of both.

Mining Firms Turn to AI Amid Worsening Margins

Bitdeer said proceeds will go to data center expansion, AI cloud growth, mining hardware development, and corporate needs. The company has also been growing its self-mining as the demand for its rigs weakens. That shift reflects a broader trend across the sector.

After the 2024 halving, margins tightened, driving miners to adopt hybrid revenue models. Several companies are using energy infrastructure for data centers and high-performance computing. Others are adding cloud services to smooth cash flows when BTC’s price swings reduce profitability.

MARA Holdings also expanded into the AI space, acquiring a majority stake in the French computing infrastructure company Exaion. The deal gave MARA France a 64% ownership position with EDF remaining a minority shareholder and customer. These moves highlight how the strategy for miners is moving away from Bitcoin exposure alone.

BTC Price Chart Flags $45K Risk

From a chart perspective, Chiefy believed that Bitcoin was “perfectly mirroring” the 2022 market crash. His comparative example shows a similar “bull trap” structure followed by a steep breakdown. Based on that pattern, he puts his next BTC price target around $45,000.

The setup suggests that rallies within a larger downtrend can fail rapidly. It also indicated that weak rebounds could be followed by aggressive continuation selling. If Bitcoin price is not able to recover past breakdown zones, downside scenarios are still live.

Bitdeer’s full liquidation can be added to that cautionary story. When a big miner takes treasury off, the traders often take it to mean balance sheet defense. It does not confirm a crash, but can amplify bearish expectations during a fragile structure.

BTC Price Prediction: Holder Cost Basis Levels at $58K, $54K, $41K

Additionally, Ali Charts provided a clearer support structure for holder cost basis levels: He identified three key supports at $58,467, $54,439, and $41,488. It is these levels where different cohorts may be able to defend cost basis and reduce selling pressure.

With Bitcoin price recently hovering near the high-$60Ks, the first major level to check is that of $58K on the downside. A break below that level would see a shift towards $54K, where another cost basis cluster lies. If neither is respected, the chart marks $41K as stronger support for long-term holders.

These levels also align with the market’s general trend. Cost basis zones are often like “stress tests” for conviction. When the price of BTC falls into them, buyers can move in, but volatility usually increases.