[Jiang Zhuoer: Switching from Shorting ETH to Shorting BTC, Predicts BTC and ETH Will Bottom Out at Different Times in This Cycle] BlockBeats News, July 28, Jiang Zhuoer, founder of the mining pool B.TOP, stated in a post that after this market cycle, he will no longer short ETH but will switch to shorting BTC. He plans to use WBETH as collateral to short an equivalent amount of BTC spot. The reasons are as follows: - MSTR is unlikely to increase its BTC holdings for a long time in the foreseeable future. - BitMine is still purchasing ETH. - Coupled with the development of RWA and other factors, this bear market might repeat the pattern of the previous cycle, where BTC and ETH hit their lowest points at different times. In the last cycle, ETH's lowest point was on June 18, 2022, at $881.56, while BTC's was $17,622, with an exchange rate of 0.0500. BTC's lowest point in the last cycle was on November 21, 2022, at $15,476, while ETH was $1,079.76, with an exchange rate of 0.0698. In this cycle, there is a possibility that ETH's lowest point was on June 6, 2026, at $1,505.68, which is why he has switched to shorting BTC. BTC has already broken below its ascending channel, while ETH is still at the lower edge of its ascending channel.
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