Jiang Zhuoer, founder of LaiBit Mining Pool, said he bought back 75% of his BTC position at $82,789 after previously selling at $86,789 and $84,460. According to ChainCatcher, he said he is watching for a near-term rebound because the market has stopped falling and many buyers are stepping in.

Jiang also said that he has not used leverage in recent months. He said his cumulative profit in coin terms is 35.1%, while his profit in U terms is 98.6%.