Bitcoin Miner Jiang Zhuoer Sells All BTC Holdings Amid US Inflation Concerns

Jiang Zhuoer, the founder of BTC.TOP mining pool, has sold all his Bitcoin holdings at $77,226 per coin.

This decision comes as inflation data from the US rises and expectations for a Federal Reserve interest rate hike strengthen to 70% following recent Producer Price Index (PPI) data.

Jiang expects negative consequences for markets from upcoming Consumer Price Index (CPI) data, which may prompt him to take a short position in the market if conditions are right.