Post

🚨 Jiang Zhuoer Shifts His Bearish Bet From ETH to BTC Jiang Zhuoer, founder of the Litecoin mining pool, has reportedly shifted his preferred short from $ETH to $BTC—a move that reflects a changing view of relative value rather than a simple market call. As of July 28 (Beijing time): 📉 BTC: ~63,506 USDT (-2.8% in 24 hours) 📉 ETH: ~1,883.53 USDT (-4.2% in 24 hours) While ETH underperformed BTC over the past day, the bigger picture tells a different story. On the monthly timeframe, ETH/BTC has climbed from roughly 0.0268 to 0.0296, recovering more than 10% during the month—although it still remains well below the highs seen in 2024. Why the change? Historically, ETH has often been viewed as the easier short due to its higher volatility and greater sensitivity to on-chain activity. But after an extended period of weakness versus BTC, the risk-reward of remaining short ETH may no longer look as attractive. At the same time, ETH's valuation is increasingly supported by factors such as: • Staking participation • Fee burning mechanisms • Stablecoin and tokenized asset activity • Growing on-chain settlement demand That doesn't guarantee higher prices, but it does suggest ETH's market structure is evolving. Why short BTC instead? The thesis may be that Bitcoin now carries the more crowded positioning. With spot ETFs, corporate treasury adoption, and its "digital gold" narrative, BTC has attracted substantial institutional capital. When expectations become heavily one-sided, some traders look for opportunities where momentum could slow. Key levels to monitor 📍 Can ETH/BTC establish itself above 0.03? 📍 Do Ethereum's on-chain activity and fee burns continue improving? 📍 Do ETF and institutional flows begin favoring ETH over BTC on a sustained basis? Whether this rotation continues will depend on how those factors develop in the weeks ahead. #CXMTDebutShockwave #AIEarningsWatch #CeasefireHitsCrude $BTC $ETH $AEON