Zhuoer Sees End to Bear Market, Plans Ethereum Buy With BTC Reserve Funds

Jiang Zhuoer, a prominent Chinese cryptocurrency miner and founder of BTC.TOP, has strengthened his view that the market may have bottomed out. He believes that he was largely wrong in his previous bear market prediction and is now 90% certain that the bear market is over.

Zhuoer plans to allocate approximately 20-30% of his reserve funds to buy Ethereum, with a plan to use remaining funds if Bitcoin falls to the $67,000-$72,000 range. If this doesn't happen, he will purchase ETH at the current market price by the end of October.

Zhuoer also stated that the cryptocurrency market has a strong upward trend, making it difficult to accurately predict the market peak.