One of China’s Most Well-Known Miners Jiang Zhuoer: I’ll Use All Remaining Funds to Buy ETH
Jiang Zhuoer, founder of BTC .TOP, said his previous bearish market view was way off and that he is now 90% confident the bear market has ended, with ETH likely to outperform BTC in this cycle. Jiang said he bought back the ETH he had previously sold at $1,738–$1,931 after setting a stop-loss at $2,100, then sold 50% of his spot ETH at $2,525 to try to call the top, with a stop-loss at $2,550. For the 20%–30% of reserve funds he has yet to deploy, Jiang plans to use all of them to buy ETH if BTC falls to $67,000–$72,000; otherwise, he will buy at the prevailing price by the end of October at the latest. He added that the market remains in a strong uptrend, making the probability of successfully calling the top relatively low.
$ETH
Jiang Zhuoer, founder of BTC .TOP, said his previous bearish market view was way off and that he is now 90% confident the bear market has ended, with ETH likely to outperform BTC in this cycle. Jiang said he bought back the ETH he had previously sold at $1,738–$1,931 after setting a stop-loss at $2,100, then sold 50% of his spot ETH at $2,525 to try to call the top, with a stop-loss at $2,550. For the 20%–30% of reserve funds he has yet to deploy, Jiang plans to use all of them to buy ETH if BTC falls to $67,000–$72,000; otherwise, he will buy at the prevailing price by the end of October at the latest. He added that the market remains in a strong uptrend, making the probability of successfully calling the top relatively low.
$ETH