Ex-China Mining Giant Jiang Zhuoer Shorts ETH, Bear Market Ongoing
Jiang Zhuoer, once a top Bitcoin mining leader in China, says he has shorted Ethereum, expecting prices to fall in the coming weeks and months. Based on on-chain metrics and broader market patterns, he believes the crypto bear cycle is still intact, and any sharp rallies are shorting opportunities rather than trend reversals. Zhuoer also warned that rising geopolitical tensions could trigger fresh uncertainty in markets, calling this period “America’s Suez Canal moment.”
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