BTC.TOP Founder Jiang Zhuoer Discloses Sale of Entire Bitcoin Position at $77,226

Jiang Zhuoer, the founder of BTC.TOP mining pool, has disclosed that he sold his entire Bitcoin position at $77,226. However, the trade's size and structure remain unknown.

The post does not reveal whether the sale was spot Bitcoin or a derivatives trade, making it difficult to determine its impact on the market.

A key aspect of the disclosure is the price level, which is close to the first daily support near $76,600. This could imply that Jiang's personal view is bearish, but it does not necessarily represent the view of miners or BTC.TOP's operations.

The article highlights the importance of distinguishing between a founder's personal trade and a mining pool's activity, as well as the difference between selling spot Bitcoin and closing derivatives positions.