Jiang Zhuoer Sets Sights on Ethereum with BTC.TOP Reserve Funds

Jiang Zhuoer, one of China's most prominent cryptocurrency miners and founder of BTC.TOP, has made some significant statements about his views on the market. He believes that the bear market is over, and he is now 90% certain that this is the case.

Jiang stated that he previously sold a portion of his Ethereum (ETH) holdings between $1,738 and $1,931, but has since repurchased them and set a stop-loss order at $2,100. He then sold 50% of those same ETH holdings at $2,525 in an attempt to predict the market peak, setting another stop-loss order at $2,550 for that trade.

Jiang plans to use approximately 20-30% of his reserve funds to buy Ethereum, with a specific plan to allocate the remaining funds if Bitcoin falls within a certain price range. If the Bitcoin price does not fall to $67,000-$72,000, Jiang will purchase ETH at the current market price by the end of October at the latest.