Jiang Zhuoer Says He Will Use Smaller Positions for Future Dip-Buying Trades

Jiang Zhuoer, founder of Leibit Mining Pool, said on X that his trading is better suited to buying dips and selling tops. According to Odaily, he said his short positions near $2,525 for ETH and $82,050 for BTC were relatively accurate, but he could not continue adding leveraged long positions when the market fell to lows because his base holdings were fully in ETH spot. Jiang said he will consider using smaller-cap tokens for future dip-buying trades and will take positions of 5% to 10% each time. He cited BNC as an example, saying he bought near $4.5 on September 10, close to the low of that decline, and the price then continued to rise.