I just came across Jiang Zhuo’er’s post admitting he was wrong, and I was stunned.
Just last night, he opened a 200% hedged short at 65,720. This morning, after the rebound, he sold off all the small-cap DeFi coins he was holding. In his own words, his medium-term outlook was seriously wrong, so he’s stepping away for now.
The levels he marked out are very clear: $BTC broke below 63,853 and 64,100, and the overnight low was 62,081—just $500 away from the invalidation level of 61,576 in his article yesterday.
The harsher part was what he said next: if it’s confirmed that we’re in the late stages of a bear market and the price breaks below 57,800, small-cap DeFi coins will fall much harder than Bitcoin.
Current price: $BTC 65,472, up more than $3,400 from 62,006.
A. Even a big player has admitted he was wrong and cleared out. Better to get out of small-cap DeFi coins first.
B. He sold the small-cap coins, but is still holding his $BTC and $ETH positions as a hedge. Ride it out with him at 65,400.
#比特币 #江卓尔 #DeFi
Just last night, he opened a 200% hedged short at 65,720. This morning, after the rebound, he sold off all the small-cap DeFi coins he was holding. In his own words, his medium-term outlook was seriously wrong, so he’s stepping away for now.
The levels he marked out are very clear: $BTC broke below 63,853 and 64,100, and the overnight low was 62,081—just $500 away from the invalidation level of 61,576 in his article yesterday.
The harsher part was what he said next: if it’s confirmed that we’re in the late stages of a bear market and the price breaks below 57,800, small-cap DeFi coins will fall much harder than Bitcoin.
Current price: $BTC 65,472, up more than $3,400 from 62,006.
A. Even a big player has admitted he was wrong and cleared out. Better to get out of small-cap DeFi coins first.
B. He sold the small-cap coins, but is still holding his $BTC and $ETH positions as a hedge. Ride it out with him at 65,400.
#比特币 #江卓尔 #DeFi