Jiang Zhuoer, the founder of Lihui Mining Pool, has disclosed the performance of his recent diversified trading strategy, revealing a total net profit of approximately 4.3%. Despite maintaining a full short position on Bitcoin (BTC) that moved against market trends, the entrepreneur managed to offset these losses through significant gains in Ethereum (ETH) and Binance Coin (BNB) spot holdings. The report highlights the impact of asset correlation and hedging in volatile market conditions as of September 11, 2026.
Analysis of the Three-Tiered Position Combination
The trading strategy employed by Jiang Zhuoer involved three distinct positions across major digital assets. While the bearish bet on the primary cryptocurrency resulted in a drawdown, the broader portfolio stayed in the green due to the outperformance of altcoins. According to data shared on the X platform, the specific performance metrics were as follows:
- Bitcoin Short Position: A loss of 1.95% recorded as the price moved from an entry of $66,226 to $67,730.74.
- Ethereum Spot Position: A profit of 5.74% as ETH climbed from $3,467.61 to $3,609.31.
- Binance Coin Spot Position: A profit of 0.51% following a price increase from $591.81 to $594.305.
Jiang Zhuoer had previously indicated a tactical shift by selling 100 BTC from his holdings at the $66,226 mark, anticipating a downward correction that did not immediately materialize.
Market Context and Risk Management
The divergence between BTC and ETH price action during this period allowed the portfolio to remain profitable. The founder’s transparency regarding the "wrong direction" of his Bitcoin trade serves as a case study in how diversified spot positions can provide a safety net against leveraged or speculative short-selling losses.
He showcased his "making money even when in the wrong direction" position combination, referencing prices as of 8:29:47 UTC.
The results demonstrate that while the Bitcoin short failed to capture the expected move, the 5x weighted BNB and standard ETH positions successfully absorbed the impact.
In conclusion, Jiang Zhuoer’s recent financial disclosure underscores the complexity of managing large-scale crypto portfolios. By balancing a bearish outlook on Bitcoin with long exposure to Ethereum and BNB, the Lihui Mining Pool founder achieved a positive return of 4.3% in a market environment that penalized singular directional bets.
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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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