Jiang Zhuoer, the founder of the mining pool B.TOP, disclosed that he has repurchased his entire Ethereum position at an average price of $1,645. The move reverses his earlier decision to exit the market when ETH was trading in the $2,200–$2,400 range, reflecting a tactical re‑entry at a lower price level.
Despite the buyback, Jiang maintains that the broader market remains in a downtrend. However, he highlighted that Bitcoin has twice found support around the $61,000 area without a decisive breakdown, which creates conditions for a short‑term technical rebound. Based on this reading, he expects Bitcoin to stage a bounce within the next 1 to 3 days.
Jiang Zhuoer further stated that he plans to sell the newly acquired Ethereum position into that anticipated rebound. This approach suggests he remains cautious about the overall market direction and intends to use a potential short‑term rally to adjust his exposure, rather than betting on a trend reversal.