February 2026 was a really tough month for me and a lot of other crypto investors. I watched as miners dumped a huge amount of Bitcoin – over 6,100 BTC in just one month, which was the biggest sell-off we’d seen. Cango, for example, sold off about 60% of their Bitcoin holdings – over 4,400 BTC! Bitdeer actually sold *all* of their Bitcoin by early 2026. Core Scientific, which used to hold nearly 10,000 BTC, was down to around 630 by March 2026 after they raised $175 million through sales. Even Riot Platforms had to sell about four times their usual monthly mining output in December 2025 just to stay afloat and fund acquisitions. It was a pretty scary time to be holding BTC.