ChainCatcher report: Jiang Zhuo'er, founder of BitPool, posted that his previous bearish market assessment was incorrect. He now has 90% confidence that the bear market has ended and believes ETH will be the primary driver of this bull market, potentially outperforming BTC. In terms of trading actions, Jiang Zhuo'er stated that he repurchased ETH at $2,100 after previously selling it between $1,738 and $1,931, and sold 50% of his spot holdings at $2,525 in an attempt to capture the peak, setting a stop-loss at $2,550. For funds still on the sidelines, Jiang plans to buy all in if BTC drops to the $67,000–$72,000 range; otherwise, he will buy at current prices no later than the end of October. He believes that, compared to predicting market movements, execution and risk management are more critical in trading—“Hold when right, stop-loss when wrong.”
Jiang Zhuoer is 90% confident the bear market has ended, and ETH may outperform BTC in this rally.
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Summary
Jiang Zhuoer, founder of LEBT Mining Pool, said he is 90% confident the bear market has ended. He views ETH as the primary driver of the current market rally and expects it to outperform BTC. He repurchased ETH at $2,100 after selling between $1,738 and $1,931. At $2,525, he sold 50% of his spot holdings with a stop-loss set at $2,550. For his remaining capital, he plans to buy BTC if it declines to $67,000–$72,000 or by late October. He emphasized execution and risk control over market prediction, stating, “Hold when right, cut losses when wrong.” The BTC market update shows mixed positioning as traders adjust their strategies.
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