Jiang Zhuo'er: No Longer Shorting ETH, Switching to Short BTC, Expects BTC and ETH to Bottom at Different Times

BlockBeats News, July 28th, the founder of Lebit Pool (B.TOP), Jiang Zhuo'er, stated in a post that in this round of the market, he will no longer short ETH but will instead short BTC. He will use WBETH as collateral to short an equivalent amount of BTC spot. The reason is: MSTR can foresee that they will not increase their BTC holdings for a long time in the future; BitMine is still buying ETH; coupled with the development of RWA, this bear market may repeat the last one, with BTC and ETH reaching their lowest points at different times.

In the last round, the lowest point for ETH was June 18, 2022, with ETH at $881.56 and BTC at $17,622, with an exchange rate of 0.0500. For BTC, the lowest point was November 21, 2022, with ETH at $1,079.76 and BTC at $15,476, with an exchange rate of 0.0698. This time, there is a possibility that on June 6, 2026, ETH will be as low as $1,505.68, so the decision is to short BTC. BTC has already broken below the upward channel, while ETH is still at the lower edge of the upward channel.