Ethereum Outperformance: BTC.TOP Founder Bets Big on ETH

Jiang Zhuoer, the founder of BTC.TOP, has made a stunning about-face in his outlook on the crypto market. Just months ago, he was bearish and even sold Ethereum between $1,738 and $1,931.

However, as ETH surged above $2,000, Jiang closed his short positions at a loss and repurchased it near $2,100. He later sold half of his spot holdings around $2,525 in an attempt to capture a short-term market peak.

Jiang now believes the crypto bear market has ended and is 90% confident in Ethereum's prospects. He currently holds 20-30% of his intended investment capital in USDT, waiting for another entry opportunity.

If Bitcoin falls into the $67,000-$72,000 range, Jiang plans to deploy all remaining funds into Ethereum. If that correction does not occur, he intends to buy ETH at market prices by the end of October.