Jiang Zhuoer, the founder of Labaite Pool, has publicly revised his market outlook, stating he is 90% certain that the cryptocurrency bear market has concluded. In a recent assessment of current market dynamics, Zhuoer indicated that the current cycle may see Ethereum (ETH) outperform Bitcoin (BTC) in terms of percentage gains. This shift in sentiment comes as major digital assets show signs of stabilization following a prolonged period of volatility.
Strategic Re-entry and Portfolio Adjustments
The mining pool founder shared specific details regarding his recent trading activities and stop-loss strategies. Previously, Zhuoer had liquidated ETH positions within the $2,100 to $2,200 range, but he recently executed a stop-loss buyback at $2,500 as the market trend shifted upward. As Ethereum reached the $3,500 mark, he sold 50% of his spot holdings in an attempt to capture the local top, maintaining a strict stop-loss at the $3,800 level to protect against further upside momentum.
Stop-loss orders are automated instructions used by traders to buy or sell an asset once it reaches a specific price, helping to manage risk and mitigate potential losses in volatile markets.
Future Accumulation Plans and Market Outlook
Regarding capital currently held in reserve, the Labaite Pool founder outlined a clear entry roadmap for the remainder of 2026. His strategy focuses on two primary scenarios:
- A re-entry if Bitcoin falls back to the $48,000 – $52,000 range, which he views as a significant accumulation zone.
- A definitive entry at current market prices no later than the end of October if the anticipated correction does not materialize.
"I am 90% confident that the bear market has ended", Zhuoer remarked, acknowledging that his previous bearish stance was mistaken.
He emphasized that the Ethereum ecosystem's performance during this cycle could potentially eclipse that of the primary cryptocurrency, Bitcoin.
The transition from a bearish to a bullish sentiment by prominent industry figures often reflects broader changes in on-chain data and institutional interest. As the market approaches the final quarter of the year, investors are closely monitoring whether BTC can maintain its support levels or if ETH will indeed lead the next phase of market expansion as predicted by Zhuoer.
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For educational purposes only. Nothing here constitutes financial or investment advice. Crypto markets are highly volatile — always DYOR before making any decisions.
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