BitcoinWorld Jiang Zhuoer Sells All Small-Cap DeFi Tokens After Bitcoin Falls to $62K Bitcoin mining entrepreneur Jiang Zhuoer sold all his small-cap decentralized finance (DeFi) token holdin
BitcoinWorld
Jiang Zhuoer Sells All Small-Cap DeFi Tokens After Bitcoin Falls to $62K
Bitcoin mining entrepreneur Jiang Zhuoer sold all his small-cap decentralized finance (DeFi) token holdings on November 15, 2026, after Bitcoin’s price dropped to an intraday low of $62,081, according to Crypto.news. The move came as Bitcoin briefly fell below two support levels Jiang had identified, prompting him to reassess his medium-term bullish outlook.
Jiang Zhuoer liquidated all small-cap DeFi tokens on November 15, 2026, during a morning rebound, citing a faster-than-expected Bitcoin decline. He retained hedged Bitcoin and Ethereum positions and paused trading.Jiang, who Crypto.news identifies as the founder of mining pool BTC.TOP, had previously outlined a neutral strategy to hedge his Bitcoin and Ethereum holdings while keeping small-cap DeFi tokens outside the arrangement. In a November 15 post on X, he said the decline was faster than he expected and that his losses were manageable but he decided to close the DeFi positions to avoid deeper losses if the market continued to fall.
The sell-off pushed Bitcoin below two technical levels Jiang had flagged: the point of control at $63,853 and the 78.6% Fibonacci retracement at $64,100. He had also set an invalidation threshold at $61,576 based on a volume-area-low reading, and Bitcoin’s low of $62,081 came within 0.8% of that level. Jiang warned that a drop below $57,800 could signal further losses for small-cap DeFi tokens, though he did not say that scenario had occurred.
The broader market saw significant liquidations. Crypto.news reported $1.96 billion in liquidations over 24 hours, including nearly $750 million tied to Bitcoin, with $600.5 million of that from long positions. US Bitcoin exchange-traded funds recorded roughly $1.91 billion in withdrawals over seven consecutive sessions ending November 13, according to Farside Investors. The Coinbase premium discount had lasted 51 consecutive days by November 13, with Bitcoin trading 0.10% below the Binance price at the latest reading.
Jiang also addressed speculation about Binance selling, rejecting the theory and pointing to Coinbase’s discount as a possible sign of institutional selling. He questioned whether bankruptcy, a margin call, or undisclosed information could be driving the activity but provided no evidence. PANews reported that Jiang admitted his medium-term judgment error was “fairly serious” and decided to rest and suspend trading.
Jiang’s decision to liquidate his small-cap DeFi holdings underscores the heightened risk aversion among traders during sharp market downturns. His move may signal caution to other investors holding similar assets, especially as Bitcoin’s decline broke key technical levels. The $1.96 billion in liquidations and continued ETF outflows reflect broader market stress, which could impact liquidity and price stability for altcoins. For readers, this serves as a reminder of the volatility inherent in leveraged and speculative positions.
As reported by our archive, the DeFi sector has faced challenges, with Assure DeFi shutting down its KYC business in September 2026, indicating a wider slowdown in Web3 services.
Traders will monitor whether Bitcoin holds above Jiang’s $57,800 warning level, as a break below could trigger further declines in small-cap DeFi tokens. Additionally, upcoming US Bitcoin ETF flow data and the Coinbase premium discount trend will provide clues about institutional demand and market sentiment.
As of November 15, 2026, Bitcoin (BTC) traded at $65,530 (₹6,177,126), down 1.5% in 24 hours and 13.6% over seven days, according to CoinPaprika. Ethereum (ETH) was at $1,835 (₹172,942), down 2.0% in 24 hours and 17.9% over seven days.
Jiang Zhuoer liquidated all his small-cap DeFi token holdings during a morning rebound on November 15, 2026.
What are Jiang Zhuoer’s remaining positions?He holds a hedged neutral position: a 100% Ethereum long, a 100% Bitcoin long, and a Bitcoin short sized at 200%.
Why did Jiang Zhuoer sell?He sold because Bitcoin’s decline broke key support levels faster than expected, and he wanted to avoid deeper losses in small-cap DeFi tokens if the market fell below $57,800.
What did PANews report differently from Crypto.news?PANews identified Jiang as founder of Lebit mining pool, while Crypto.news called him BTC.TOP founder; both reported the same sale and trading pause.
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