Jiang sold his smaller DeFi holdings during the November 15 rebound. Bitcoin stopped $505 above the level that would invalidate his forecast. His Bitcoin short hedged his holdings but left so
BTC.TOP mining pool founder Jiang Zhuoer sold all his small-cap decentralized finance tokens during Bitcoin’s November 15 rebound. Bitcoin had fallen to $62,081, breaking two levels he expected to hold. In a trading update on X, Jiang said his losses were still manageable. He kept his hedged Bitcoin and Ether positions but paused active trading to reassess his outlook.
Jiang Zhuoer had expected buyers to step in around $63,853, where earlier trading volume had concentrated. He also identified $64,100 using a Fibonacci retracement. Bitcoin fell through both levels faster than he expected.
【交易记录贴】趁着早上这波上涨，我把Defi小币种全割掉了，现在是对冲后的中性仓位（100%ETH+100%BTC多单+200%BTC空单=0）先离场观望。早上已经一次性几乎跌到了我昨天文章《这是一轮发育不良的早熟牛市 https://t.co/1HfC5WCeQx》说的证伪位置【VAL（30%成交量）的61576 】，也就是… https://t.co/9gZps1CjcJ
— 江卓尔_莱比特矿池 (@Jiangzhuoer2) November 15, 2026
In his November 14 outlook, Jiang set $61,576 as the point where he would abandon his early bull market forecast. Sunday’s low stayed $505 above it. The speed of the decline persuaded him to sell the smaller tokens before that final test.
Bitcoin later recovered to about $65,400 but remained nearly 14% lower over seven days. Across crypto markets, liquidations reached $1.96 billion in 24 hours, including nearly $750 million in Bitcoin positions.
Jiang Zhuoer had described his hedge in an earlier trading update. He listed a 100% long position in each asset and a 200% Bitcoin short. His smaller DeFi holdings sat outside that hedge.
Jiang called the remaining portfolio neutral. That description depends on how the two assets move: if Ether falls faster than Bitcoin, gains on the short may not cover both long positions.
Jiang also identified $57,800 as a separate risk level for smaller tokens. He said they could face steeper losses if Bitcoin broke below that price and the market proved to be late in a bear cycle.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.<p>The post Jiang Zhuoer Sells Small-Cap DeFi Tokens After Bitcoin Hits $62K first appeared on Coin Crypto Newz.</p>
