Jiang Zhuoer, the founder of mining pool BTC.TOP, has reversed his earlier bearish stance and said he plans to deploy his remaining capital into Ethereum. According to Techub News, Jiang now puts his confidence that the crypto bear market is over at about 90% and expects ETH to outperform Bitcoin in the current cycle.
He said he would move fully into Ethereum if Bitcoin pulls back to the $67,000-$72,000 range. If that pullback does not happen, he plans to buy at market no later than the end of October. Jiang is currently holding 20% to 30% of his funds in USDT as dry powder while waiting for an entry point.
The report also outlined his recent trading moves. After Ethereum broke above $2,000, Jiang’s short position lost money. He then closed that position and bought back ETH near $2,100, later selling roughly half of his spot holdings around $2,525.
In a post on X, Jiang said Ethereum’s relative strength against Bitcoin reflects real demand rather than a simple rotation of capital. He also pointed to support from the Trump administration for blockchain and faster tokenization of stocks and bonds, saying that trend would benefit Ethereum and other smart contract platforms. The item cited BeInCrypto as the source.
BTC.TOP founder Jiang Zhuoer has flipped from his earlier bearish view and now plans to put his remaining funds into Ethereum, according to Techub News. He said ETH is likely to outperform Bitcoin in the current market cycle.
Jiang said his confidence that the crypto bear market has ended is now around 90%. His plan is to go all in on Ethereum if Bitcoin drops back to the $67,000 to $72,000 range. If that pullback does not arrive, he said he will buy at market no later than the end of October.
The report also detailed his recent positioning. After Ethereum moved above $2,000, Jiang took a short position that ended in losses. He later closed that trade and bought back ETH near $2,100, then sold about half of his spot holdings around $2,525.
For now, Jiang is holding 20% to 30% of his capital in USDT while waiting for an entry opportunity.
In a post on X, Jiang said ETH should outperform BTC in this cycle. He added that Ethereum’s strength relative to Bitcoin reflects real demand, not just a flow of capital between assets. He also said support from the Trump administration for blockchain, along with faster tokenization of stocks and bonds, would be positive for Ethereum and other smart contract platforms.
The item cited BeInCrypto.
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