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Crypto miner Jiang Zhuoer now 90% confident bear market ended as Bitcoin nears $79,500 and Ethereum outperforms.

Market News
22 Aug 2026
Blockonomi
View Source
Bullish
pluang ai news

Chinese crypto miner Jiang Zhuoer reversed his bearish 2026 forecast after Bitcoin surged near $79,500, now 90% confident the bear market has ended. He bought back Ethereum near $2,100 after selling earlier, then sold half his ETH near $2,525, managing risk with stop-losses. Jiang keeps 20-30% of capital undeployed, ready to buy more ETH if Bitcoin dips to $67,000-$72,000. The market rebound is supported by strong Ethereum performance, $1.6 billion inflows into U.S. spot Bitcoin ETFs, and liquidity improvements, signaling a shift from forced liquidations to genuine demand.

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