Jiang Zhuoer explains the reason for clearing BTC positions: a pullback may occur, potentially reaching the concentrated liquidation zone at $76,000.

BlockBeats News, September 6th, Jiang Zhuocr, founder of B.TOP mining pool, stated in a post that since the significant surge in BTC on August 20th, the market has not yet seen a notable pullback. Currently, we are still in the early stage of a bull market filled with distrust and skepticism, with many investors harboring deep fears of a sharp crash.

On the heatmap, the concentrated liquidation zone near $76,000 below is larger than the one near $83,000 above. He believes the market is more likely to touch the lower liquidation zone, and this "magnetic effect" was the primary reason he sold his entire BTC position at $82,000 the day before yesterday.