Jiang Zhuoer, founder of BTC.com, tweeted that "the bull market is undoubtedly still going strong," citing numerous on-chain and long-term indicators suggesting the bear market has ended. He believes that BTC's July low of $57,758 was the lowest point of this bear market, and the current decline may stop at $72,500 or $69,000 to $70,000. He disclosed that he had previously bought DeFi altcoins when BTC was around $76,600 while simultaneously holding a full long position in BTC, making the mixing of long-term and short-term trading a "huge mistake." After BTC fell to $72,700, hitting its 5% stop-loss line, he opened a short hedging position at $73,000, stating that it was essentially a stop-loss, and he would exit the market and wait; if it further falls to $70,500, he would close the short hedging position. https://(wublock123.com)/news/jiang-zhuoer-bull-market-intact-bitcoin-57758-july-bear-market-low-71765