Jiang Zhuoer: Although BTC moved in the wrong direction, profitability was still achieved, with a total return of approximately 4.3% from three trades.

BlockBeats news, September 11 - Jiang Zhuoer, founder of Lianbit Mining Pool (B.TOP), stated that although the BTC short position was in the wrong direction, it still achieved profitability. Using the price at 8:29:47 PM tonight and the current screenshot price as references, the three operations were:

Full position short BTC: $77,226 to $78,730.74, loss of 1.95%;

Full position spot ETH: $2,467.61 to $2,609.31, gain of 5.74%;

5% position spot BNC, $4.81 to $5.305, gain of 0.51%.

Total profit of approximately 4.3%.

Jiang Zhuoer stated today that he had sold 100% of his BTC position at the price of $77,226. He said yesterday that after the release of the latest U.S. PPI data, the probability of a Federal Reserve rate hike rose to 70%, and he expected tomorrow's CPI data would not be favorable, so he had prepared to short.