Jiang Zhuoer, founder of mining pool B.TOP, said he sold 100% of his Bitcoin holdings at $77,226, according to a Sept. 11 update cited by BlockBeats. The statement followed a post he made a day earlier after the latest U.S. Producer Price Index, or PPI, data was released. In that earlier post, Jiang said the probability of a Federal Reserve rate hike had risen to 70% after the data. He also wrote that he did not expect the next day’s Consumer Price Index, or CPI, reading to be supportive for the market and had already prepared to take a short position. The remarks outline a clear shift in his market stance over two consecutive days, from warning about macro data risk to confirming a full exit from his BTC exposure.
Jiang Zhuoer, founder of mining pool B.TOP, said on Sept. 11 that he had sold 100% of his BTC position at $77,226, according to BlockBeats.
In a post published a day earlier, Jiang said the latest U.S. Producer Price Index, or PPI, data had pushed the probability of a Federal Reserve rate hike up to 70%. He also wrote that he did not expect the next day’s Consumer Price Index, or CPI, data to be positive for the market and said he was prepared to short.
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