Jiang Zhuoer was expecting a rally, but after BTC broke below $63,853, he sold all his DeFi holdings and temporarily stopped trading. $BTC

Jiang Zhuoer, founder of a prominent mining company, said he had moved to a hedged neutral position after BTC’s decline invalidated part of his bullish outlook. He added that BTC broke support near $63,853 and $64,100, and approached the invalidation level at $61,576.

The number many people might quickly overlook is $61,576. This is the invalidation level BTC is approaching now, and breaking below it would further weaken the bullish thesis.

Jiang said a delayed-landing scenario could push BTC below $57,800. At that point, losses for smaller DeFi coins would be more severe.

The key here is not just selling the portfolio, but combining hedging with a temporary pause. A large miner steps away from trading when the assumptions behind their outlook change, drawing attention to the risks of small tokens more than BTC itself.

If you hold small DeFi coins, pressure on them could increase if BTC falls below $57,800. But that depends on liquidity, so it can’t be said for certain.

The takeaway: watch the $61,576 level—it’s the threshold Jiang based his decision on.

Do you expect bigger losses for small coins if BTC falls below $57,800? 👇

#BTC #DeFi

This content is for informational purposes only and is not financial advice.

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