Jiang Zhuoer, founder of BTC.TOP mining pool, said he has bought back 75% of his Bitcoin position at $82,789, after previously selling at $86,789 and $84,460. In his post, Jiang said he is looking for a rebound in the near term, arguing that the market has struggled to move lower because there are still many buyers stepping in. He also said his trading over the past few months has involved no leverage. According to the figures he shared, his cumulative profit stands at 35.1% on a BTC-denominated basis and 98.6% on a USDT-denominated basis. The comments were cited by ChainCatcher in a market analysis newsflash.
ChainCatcher reported that BTC.TOP founder Jiang Zhuoer said in a post he had bought back 75% of his BTC position at $82,789, after earlier selling at $86,789 and $84,460.
Jiang said he is betting on a near-term rebound. His read of the market was blunt: "It just refuses to keep dropping, and there are plenty of buyers stepping in."
He added that he has not used leverage in recent months and said his cumulative returns were 35.1% in BTC terms and 98.6% in USDT terms.
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