BlockBeats message, August 20: F2Pool co-founder Wang Chun posted in the early hours today at 2:00 a.m., saying, “The bear market has ended.”

Wang Chun is an important early figure in the cryptocurrency industry and a co-founder of F2Pool. Earlier reports said that Wang Chun gradually bought the dip in June, accumulating about 70,600 ETH (about $117 million) and 966 WBTC (about $60.29 million).

However, during the July market rebound, he reportedly transferred 36,600 ETH and 160 WBTC to Binance in stages, with an estimated profit of $3.4 million.