On August 22, Jiang Zhuoer, founder of the Liebit Mining Pool, stated that he previously misjudged the market's bearish outlook and now has 90% confidence that the bear market has ended. He believes that the current performance of ETH may surpass that of BTC. Jiang had sold ETH at prices between $1738 and $1931, which he has since bought back at a stop-loss price of $2100, and sold 50% of his holdings when ETH rose to $2525, setting a stop-loss at $2550. For funds that are still on the sidelines, Jiang plans to buy in fully if BTC falls to the range of $67,000 to $72,000; otherwise, he will purchase at the current price by the end of October at the latest.
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Jiang Zhuoer: 90% Certain Bear Market Has Ended, ETH Performance May Exceed BTC
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