
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.”
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Bernstein SocGen Group, a global equity and institutional brokerage firm, has raised its price target…
Stablecoins have evolved far beyond their original role as settlement assets for cryptocurrency trading. With…
BitMine said its crypto, cash, marketable securities, and other investments reached $11.5 billion as of…
Strategy sold 2.73 million MSTR shares for $263.5 million in net proceeds between July 13…
BitMine acquired 7,430 ETH over the past week, increasing its total holdings to 5,777,468 ETH,…
Ethereum price is stuck within a range, as volatility drops significantly, preventing the second-largest token…