JIANG ZHUOER FLIPS BULLISH: 90% CONFIDENT THE BEAR MARKET IS OVER 🚀
Jiang Zhuoer, one of China’s well-known Bitcoin miners, has admitted that his previous bearish outlook was “far off.” Following ETH’s sharp rally, he now says he is 90% confident that the bear market has ended and believes ETH could outperform BTC in this cycle.
Previously, Jiang sold ETH around $1,738–$1,931 and opened short positions to hedge his holdings. After ETH broke above $2,000 and continued climbing, he closed all of his shorts and bought ETH back around $2,100.
When ETH reached $2,525, Jiang sold 50% of his spot ETH position to test a short-term top, while setting a very tight stop loss around $2,550, roughly 1%. The move shows that he is still trading short term, but his view of the broader market trend has completely shifted from bearish to bullish.
Jiang currently has 20–30% of his capital in USDT reserves. If BTC corrects toward $67,000–$72,000, he plans to deploy the remaining capital into ETH. If that correction does not happen, he intends to buy at market price by the end of October at the latest.
Jiang’s bullish ETH thesis is largely driven by the strength of ETH/BTC. He believes this rally is not simply BTC moving first before capital rotates into ETH; instead, ETH is playing an important role in the recovery itself.
He also expects increasingly supportive blockchain policies and the tokenization of stocks and bonds to create additional demand for smart-contract blockchains.
But the most important part of Jiang’s statement is his admission that he was wrong. Markets do not reward a prediction forever; the ability to recognize mistakes and adjust positioning may matter far more over the long run.
Could the shift from previously bearish voices toward bullish positioning signal confirmation of a new upcycle?
Please do your own research carefully before making any transactions (DYOR). $BTC $ETH $TUT
Jiang Zhuoer, one of China’s well-known Bitcoin miners, has admitted that his previous bearish outlook was “far off.” Following ETH’s sharp rally, he now says he is 90% confident that the bear market has ended and believes ETH could outperform BTC in this cycle.
Previously, Jiang sold ETH around $1,738–$1,931 and opened short positions to hedge his holdings. After ETH broke above $2,000 and continued climbing, he closed all of his shorts and bought ETH back around $2,100.
When ETH reached $2,525, Jiang sold 50% of his spot ETH position to test a short-term top, while setting a very tight stop loss around $2,550, roughly 1%. The move shows that he is still trading short term, but his view of the broader market trend has completely shifted from bearish to bullish.
Jiang currently has 20–30% of his capital in USDT reserves. If BTC corrects toward $67,000–$72,000, he plans to deploy the remaining capital into ETH. If that correction does not happen, he intends to buy at market price by the end of October at the latest.
Jiang’s bullish ETH thesis is largely driven by the strength of ETH/BTC. He believes this rally is not simply BTC moving first before capital rotates into ETH; instead, ETH is playing an important role in the recovery itself.
He also expects increasingly supportive blockchain policies and the tokenization of stocks and bonds to create additional demand for smart-contract blockchains.
But the most important part of Jiang’s statement is his admission that he was wrong. Markets do not reward a prediction forever; the ability to recognize mistakes and adjust positioning may matter far more over the long run.
Could the shift from previously bearish voices toward bullish positioning signal confirmation of a new upcycle?
Please do your own research carefully before making any transactions (DYOR). $BTC $ETH $TUT