Jiang Zhuoer Says He Is 90% Sure the Bear Market Has Ended, Sees ETH Outperforming BTC

Jiang Zhuoer, founder of the mining pool LBry, said his earlier bearish view of the market was wrong and that he is now 90% confident the bear market has ended. He said ETH could be the main driver of the current bull run and may outperform BTC. Jiang also disclosed several ETH trades, including a buyback at $2,100 after earlier sales between $1,738 and $1,931, and a later attempt to sell half of his spot position at $2,525 with a stop set at $2,550. For capital still sitting out the move, he said he plans to buy if BTC pulls back to the $67,000-$72,000 range, or otherwise by the end of October at the latest. He said execution and risk control matter more than forecasting, summing it up as: "hold when right, stop out when wrong."