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Jiang Zhuoer Shifts Strategy: Stops Shorting ETH, Begins BTC Short Position Using WBETH

2026-07-28 07:05:37

ETH-4.37%

BTC-2.78%

MSTR7.56%

BMNR13.21%

According to BlockBeats, Jiang Zhuoer, founder of Litecoin mining pool B.TOP, announced on July 28 that he will stop shorting ETH this cycle and instead short BTC. He plans to use WBETH as collateral to short an equivalent amount of BTC spot. Jiang noted that MSTR is unlikely to increase BTC holdings in the foreseeable future, while BitMine continues buying ETH. He expects BTC and ETH to reach their lowest points at different times during this bear cycle, potentially mirroring the previous cycle pattern.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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