TREE NEWS update: Litecoin mining pool founder Jiang Zhuoer said on October 8 that he has bought back 75% of his BTC position at $82,789, after previously selling at $86,789 and $84,460. He said his trades in recent months used no leverage, accumulating a 35.1% gain in coin terms and 98.6% in USDT terms.
Jiang Zhuoer Buys Back 75% of BTC Position at $82,789
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AI take
A prominent miner publicly documenting a leveraged-free round trip is a rare disclosure of conviction-based positioning, and the framing around coin-denominated versus USDT gains hints at how miners weigh holding BTC against realizing dollar gains. The buyback at a lower level than his exits suggests he views recent weakness as a re-entry window rather than a trend reversal. Whether other large mining-linked holders follow with similar disclosures is the open question.
Generated by AI for reference only.
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