Odaily News Analysts at Wall Street investment bank HC Wainwright said in a report that the recent selling pressure on BitDeer Technology Group (NASDAQ: BTDR) can be attributed to specific technical factors, which is why some early investors in October It was caused by the liquidation of positions after the expiration of the shareholder lock-up period agreement on the 11th. The current business fundamentals of BitDeer remain strong, and the sentiment in the BTC market continues to improve. Analysts said that while previously locked stocks could bring additional selling pressure in the short term, any such activity would increase BTDRs float and liquidity, as it has observed over the past month following the end of the lock-up period. By that time, the average daily trading volume had soared sixfold to 600,000 shares/day. BTDRs share price is currently trading at less than 1x its 2024 forecast, but BitDeers revenue multiple is about 3x that of its large mining peers, so analysts believe that the recent decline in share prices provides investors with a more attractive Buying opportunity. At the same time, BitDeer recently announced a cooperation with Nvidia to launch its new artificial intelligence (AI) cloud service in November 2023. The impact of this situation on the stock price has not yet been included in the estimate and may be a driving force. The reasons for the rising performance of BitDeer in the future.