Jiang Zhuo'er: Closed BTC short position, restored full position in ETH spot awaiting rally.

BlockBeats News, September 7 — Jiang Zhuoer, founder of莱比特矿池 (Lubian Mining Pool), stated that he had previously opened a short position on BTC at $82,050 and has now closed it for profit at $79,480, returning to a full position in ETH spot awaiting further gains. His reasoning includes: ETH, as the engine of this bull cycle, has recently led gains and is approaching its previous high, which may drive BTC to follow upward; during the period of sustained net inflows into ETFs (a record $730 million single-day net inflow on September 3), he only engages in short-term shorts; if the price rises to the $83,000–$84,000 range, he will repeat his short strategy, judging that this resistance level is unlikely to be broken in the short term.

Jiang Zhuoer also stated that he is still waiting for a major pullback. If BTC falls to the $71,255–$73,361 range (Fibonacci 50%–61.8% retracement level), he will buy back his entire position; otherwise, he plans to repurchase by the end of October. He also mentioned two previous precise top-calling operations (shorting ETH at $2,525 on August 22 and shorting BTC at $82,050 on September 4), believing that his current strategy of trading without leverage and with full-position entries and exits remains effective.