Jiang Zhuoer: 90% Confident Crypto Bear Market Has Ended

Jiang Zhuoer, founder of Chinese mining pool BTC.TOP and prominent voice in China's crypto mining sector, has reversed his bearish stance on digital assets. He now claims to be roughly 90% confident that the broader market downturn has ended.

This change in outlook follows a sharp rally that pushed Bitcoin toward $79,500 and saw Ethereum outperform during the recovery. Jiang initially sold his Ether holdings between $1,738 and $1,931, anticipating further downside. After watching the market strengthen, he bought back in near $2,100.

Jiang's repositioning did not stop there. As Ethereum continued to climb, he sold half of his spot Ether position near $2,525, setting a stop around $2,550. This sequence of trades illustrates a more nimble approach centered on reacting to real-time price action rather than adhering to a predetermined cycle forecast.

Jiang has kept between 20% and 30% of his planned capital allocation on hold, signaling readiness to re-enter if the market presents new opportunities. He indicated that a further purchase of Ether is possible if Bitcoin retreats to the $67,000 to $72,000 range.