Jiang Zhuoer, founder of mining pool B.TOP, said on Sept. 11 that he still made about 4.3% across three positions even though his BTC short moved against him. According to BlockBeats, he used the price at 8:29:47 p.m. and the price shown in a later screenshot as the reference points for the calculation. The BTC full-position short from $77,226 to $78,730.74 showed a 1.95% loss. His full-position ETH spot trade from $2,467.61 to $2,609.31 posted a 5.74% gain, while a 5% BNC spot position from $4.81 to $5.305 added 0.51%. Taken together, the three trades resulted in a combined profit of about 4.3%, based on the figures he shared. Earlier on the same day, Jiang said he had sold 100% of his BTC position at $77,226. A day earlier, he said that after the latest U.S. PPI data was released, the probability of a Federal Reserve rate hike had risen to 70%, and he expected the next day’s CPI data would also not be positive, so he had prepared to short.
Jiang Zhuoer, founder of mining pool B.TOP, said on Sept. 11 that three trades still delivered a combined profit of about 4.3%, even though his BTC short was on the wrong side of the move, according to BlockBeats.
He said the calculation used the price at 8:29:47 p.m. and the price shown in a later screenshot as reference points. The three trades were listed as follows:
- A full-position BTC short from $77,226 to $78,730.74, for a 1.95% loss;
- A full-position ETH spot holding from $2,467.61 to $2,609.31, for a 5.74% gain;
- A 5% spot position in BNC from $4.81 to $5.305, for a 0.51% gain.
Based on the figures he disclosed, the total profit came to about 4.3%.
Earlier on Sept. 11, Jiang said he had sold 100% of his BTC position at $77,226.
A day earlier, he said that after the latest U.S. Producer Price Index, or PPI, data was released, the probability of a Federal Reserve rate hike had risen to 70%. He also said he expected the following day’s Consumer Price Index, or CPI, data would not be positive and that he had prepared to short.
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