[Wintermute: Bitcoin miners should convert holdings into yield-generating assets to address profit pressure] Deep Tide TechFlow reports, on March 13, according to Cointelegraph, market maker Wintermute published a blog post stating that Bitcoin miners are facing profitability challenges in this market cycle due to reduced revenue after halving and energy costs continuously squeezing profits. Wintermute suggests miners actively manage their BTC holdings as yield-generating assets rather than passively holding them. Wintermute noted that miners collectively hold nearly 1% of the total BTC supply, calling this a 'historical legacy of the hoarding era,' and emphasized that balance sheet management tools are still significantly undervalued. Specific strategies include monetizing market risks through derivative structures, covered call options, and cash-secured put options, or deploying BTC into lending protocols to earn interest income.