Over the rolling 24 hours, $BTC -0.33%. This figure only reflects the change in spot quotes; it is not proof of net inflows or outflows. When reviewing companies’ disclosures about funds and holdings, I would first distinguish the time period, entity, and measurement methodology: one company’s data for a week cannot be used to draw conclusions about the entire market.
According to a Golden Finance report dated October 31, 2026, Bitdeer produced 265.5 BTC in the week through October 30, 2026, and sold 265.5 BTC over the same period, leaving zero net additions. The report also said the company held no BTC on its own balance sheet, excluding customer deposits. These figures describe one company’s production, sales, and proprietary holdings for a week; they are not a measure of net flows across the entire market. “No proprietary holdings” also does not mean that customer deposits were zero.
This data makes me pay closer attention to the fact that “production” and “retention” are not the same thing: how much was produced and how much was sold in a given week describes the company’s operating flows for that week, while how much it holds at a particular point in time describes its stock. The 265.5 figure is a quantity of BTC, not a dollar amount, and the source provides neither transaction prices nor exact timing, so it cannot be used to calculate the value of the sales or assess the market’s ability to absorb them.
I’ll continue to watch for aggregate fund-flow data with a clearly defined scope and keep it separate from individual companies’ weekly reports. The available information is insufficient to link Bitdeer’s disclosure to BTC’s decline over these 24 hours; a price move and a news item occurring at the same time does not mean the former was caused by the latter.
According to a Golden Finance report dated October 31, 2026, Bitdeer produced 265.5 BTC in the week through October 30, 2026, and sold 265.5 BTC over the same period, leaving zero net additions. The report also said the company held no BTC on its own balance sheet, excluding customer deposits. These figures describe one company’s production, sales, and proprietary holdings for a week; they are not a measure of net flows across the entire market. “No proprietary holdings” also does not mean that customer deposits were zero.
This data makes me pay closer attention to the fact that “production” and “retention” are not the same thing: how much was produced and how much was sold in a given week describes the company’s operating flows for that week, while how much it holds at a particular point in time describes its stock. The 265.5 figure is a quantity of BTC, not a dollar amount, and the source provides neither transaction prices nor exact timing, so it cannot be used to calculate the value of the sales or assess the market’s ability to absorb them.
I’ll continue to watch for aggregate fund-flow data with a clearly defined scope and keep it separate from individual companies’ weekly reports. The available information is insufficient to link Bitdeer’s disclosure to BTC’s decline over these 24 hours; a price move and a news item occurring at the same time does not mean the former was caused by the latter.
