Jiang Zhuoer just posted that he has bought back 75% of the $BTC position he previously sold, at $82,789. The two earlier sales were at $86,789 and $84,460, respectively. His near-term outlook is to watch for a rebound first. His reasoning was quite straightforward: the market keeps failing to fall further, and there are plenty of buyers stepping in below.
He also mentioned his trades over the past few months: he hasn’t used leverage at all, and has accumulated gains of 35.1% on a coin-margined basis and 98.6% on a USDT-margined basis.
A couple of thoughts of my own. Selling along the way and then publicly saying he bought back at a lower price shows that, within his own framework, he thinks the current price is more attractive than those two earlier selling points. That’s a clear stance. But don’t overlook one detail: he has only bought back 75%, leaving himself a quarter of the position’s worth of room. He hasn’t gone all-in. Also, “watch for a rebound first” is his personal view, so take it as a reference point, not something to copy blindly. Don’t simply mirror someone else’s position, and definitely don’t follow the crowd into leveraged trades. The fact that he has avoided leverage over these past few months and still achieved these results is certainly worth thinking about.
#行业动态 #Cryptocurrency
The above is compiled from publicly available information and does not constitute investment advice. Information may change; please refer to official sources.
He also mentioned his trades over the past few months: he hasn’t used leverage at all, and has accumulated gains of 35.1% on a coin-margined basis and 98.6% on a USDT-margined basis.
A couple of thoughts of my own. Selling along the way and then publicly saying he bought back at a lower price shows that, within his own framework, he thinks the current price is more attractive than those two earlier selling points. That’s a clear stance. But don’t overlook one detail: he has only bought back 75%, leaving himself a quarter of the position’s worth of room. He hasn’t gone all-in. Also, “watch for a rebound first” is his personal view, so take it as a reference point, not something to copy blindly. Don’t simply mirror someone else’s position, and definitely don’t follow the crowd into leveraged trades. The fact that he has avoided leverage over these past few months and still achieved these results is certainly worth thinking about.
#行业动态 #Cryptocurrency
The above is compiled from publicly available information and does not constitute investment advice. Information may change; please refer to official sources.