Prominent Bitcoin Miner Bets on Ethereum, Predicts ETH Will Beat BTC This Cycle

Jiang Zhuoer, founder of the Chinese mining pool BTC.TOP and one of the country’s most recognized crypto figures reversed a strongly bearish stance on the market. He now plans to move his remaining capital into Ethereum, betting that ETH will outperform Bitcoin this cycle.

How Jiang’s Bearish Bet Backfired Jiang previously sold ETH holdings between $1,738 and $1,931 and opened short positions to hedge against further downside. When Ethereum surged past $2,000 and kept climbing, those shorts lost money. Long Article: "Is the Bull Market Really Here?

What Should Those Who Missed Out Do?"Let me explain my operations over the past few days 【Figure 1】:a. ETH sold between 1738 and 1931 was bought back at 2100 with a stop-loss order.b.

I just sold 50% of my ETH spot holdings at… https://t.co/5O1QP9zIDI pic.twitter.com/d0bjcIyVTb— Jiang Zhuoer BTC.TOP (@JiangZhuoer) August 22, 2026 He closed the positions and repurchased ETH near $2,100, later selling roughly half his spot holdings near $2,525 while attempting to catch a short-term top with a tight stop-loss.