[BTC.TOP Founder Jiang Zhuoer Liquidates All Positions in Small-Cap DeFi Tokens and Suspends Trading] According to Jinse Finance, on November 16th, Jiang Zhuoer, founder of the Bitcoin mining pool BTC.TOP, posted on X that he had liquidated all his positions in small-cap DeFi tokens that morning during a rebound and suspended trading to reassess the market. He stated that the losses were still manageable, but the speed of this decline far exceeded expectations, and his medium-term prediction was "seriously wrong." His remaining positions are a hedging structure: 100% long Ethereum, 100% long Bitcoin, and 200% short Bitcoin. Previously, he considered $63,853 (volume control point) and $64,100 (78.6% Fibonacci retracement level) as support levels, and $61,576 as a failure line. Bitcoin hit a low of $62,081 on November 15th, just $505 away from that level, a drop of about 0.8%, before rebounding to around $65,400. It is still down nearly 14% over the past seven days. He also pointed out that $57,800 is the next conditional risk level. In the market, $1.96 billion in liquidations occurred across the network in the past 24 hours, including nearly $750 million in Bitcoin and approximately $600.5 million in long positions. The US spot Bitcoin ETF saw net outflows of approximately $1.91 billion over the seven consecutive trading days ending November 13th.