Jiang Zhuoer, founder of the BTC.TOP mining pool, has completely reversed his bearish stance on the crypto market. This seasoned investor, who had sold his ETH holdings between $1,738 and $1,931 and opened short positions to hedge, saw his bets fail when Ethereum surged past $2,000. He has since repurchased ETH near $2,100 and now expresses approximately 90% confidence that the crypto bear market has ended. His plan: deploy virtually all remaining capital into Ethereum if Bitcoin retraces to the $67,000-$72,000 range, or buy at market prices before the end of October if that pullback does not occur.
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