Jiang Zhuoer, founder of BTC.TOP and a prominent Chinese Bitcoin miner, has sold all of his DeFi altcoin holdings after Bitcoin's latest decline undermined parts of his earlier bullish market outlook. Zhuoer said he has shifted to a hedged neutral position and plans to step away from trading temporarily rather than immediately establish new positions.
The decision followed Bitcoin's break below two important support levels identified by Zhuoer: approximately $63,853 and $64,100. The decline also brought BTC closer to his previously established invalidation level of roughly $61,576, prompting a reassessment of his market thesis.
According to information shared by Wu Blockchain, Zhuoer acknowledged that the latest price movement had invalidated parts of his earlier bullish expectations. His decision to liquidate his DeFi altcoin exposure reflects a change in positioning as Bitcoin approaches the price level he had identified as a critical threshold for his market outlook.
Bitcoin's Decline Raises Concerns for DeFi Altcoins
Zhuoer also highlighted the potential consequences of a deeper Bitcoin correction for smaller decentralized finance tokens. He warned that if BTC falls below $57,800 in what he described as a late-bear-market scenario, smaller DeFi tokens could experience sharper losses.
The $57,800 level represents a scenario Zhuoer specifically identified as a potential risk point. His assessment suggests that smaller DeFi assets could face greater downside pressure if Bitcoin's decline extends into that territory.
His comments distinguish between Bitcoin's immediate technical levels and a more severe downside scenario. The first two levels, $63,853 and $64,100, were identified as support areas that BTC had already broken. The approximately $61,576 level was his personal invalidation threshold, while $57,800 was associated with the possibility of sharper losses across smaller DeFi tokens.
Jiang Zhuoer Moves to Neutral Position
Rather than maintaining exposure to DeFi altcoins while waiting for a potential market recovery, Zhuoer said he had sold all of those holdings and moved into a hedged neutral position.
A neutral position indicates that he is no longer maintaining the same directional bullish exposure described in his earlier market outlook. The hedged approach also marks a departure from holding DeFi altcoins during a period of heightened downside uncertainty.
Zhuoer further said he intends to pause trading for a period before considering new positions. He did not indicate a specific timeline for returning to the market.
As founder of BTC.TOP and a prominent figure in China's Bitcoin mining sector, Zhuoer's latest positioning update provides insight into how he is responding to Bitcoin's deterioration below previously identified support levels. For now, he has exited his DeFi altcoin holdings, adopted a hedged neutral stance and identified $57,800 as a level that could precede sharper losses for smaller DeFi tokens.
Writer: Victoria Hale Technology & Blockchain Writer
Victoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.
She prioritises clarity and accuracy when explaining technical developments to a general audience.
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The articles on Hokanews are here to keep you updated on the latest buzz in crypto, tech, and beyond—but they’re not financial advice. We’re sharing info, trends, and insights, not telling you to buy, sell, or invest. Always do your own homework before making any money moves.
Hokanews isn’t responsible for any losses, gains, or chaos that might happen if you act on what you read here. Investment decisions should come from your own research—and, ideally, guidance from a qualified financial advisor. Remember: crypto and tech move fast, info changes in a blink, and while we aim for accuracy, we can’t promise it’s 100% complete or up-to-date.
