Jiang Zhuoer Closes BTC Short Position, Reallocates to ETH

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On September 7, Jiang Zhuoer, founder of LEBT Mining Pool, closed a BTC short position at $79,480—originally opened at $82,050—to lock in profits. He shifted his entire position to ETH, citing its strong performance during the bull cycle and sustained ETF inflows. Jiang plans to re-short BTC at $83,000–$84,000 or buy back at $71,255–$73,361. He follows a no-leverage, full-position trading strategy, emphasizing precise position sizing.

ChainThink reports that on September 7, Jiang Zhuo'er, founder of BitClub Mining Pool, posted that his BTC short position opened at $82,050 has been closed at $79,480 to lock in profits, and he has now fully reinstated his ETH spot position, awaiting price appreciation.

Jiang Zhuo'er's basis for judgment includes: ETH, as the engine of this bull market, has recently led the rally and is nearing its previous high, potentially driving BTC to follow suit; during the period of continuous net inflows into ETFs (with a record single-day net inflow of $730 million on September 3), only take short positions briefly.

If BTC rises to the $83,000–$84,000 range, the short position strategy will be reinstated, as this resistance level is expected to be difficult to break in the short term.

He also stated that he is still waiting for a significant pullback; if BTC drops to the range of $71,255 to $73,361 (the Fibonacci 50% to 61.8% retracement levels), he will buy back all positions, otherwise he will proceed with his plan to buy back by the end of October.

Jiang Zhuo'er also mentioned two previous precise top-picking trades (shorting ETH at $2,525 on August 22 and shorting BTC at $82,050 on September 4), noting that the current trading strategy of trading without leverage and going fully long or short remains effective.

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