BTC.TOP Founder Buys Ethereum Dip at $1850

Edgen Crypto

·Feb 06 2026, 13:22

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Key Takeaways

Jiang Zhuoer, the influential founder of the BTC.TOP mining pool, has publicly announced a significant purchase of Ethereum (ETH), signaling his belief that the recent market downturn is overextended. This move provides a key data point for traders monitoring sentiment from major crypto industry figures.

Prominent Figure Buys Dip: Jiang Zhuoer executed a spot purchase of ETH at a price of $1850, declaring the market "severely oversold."
Defined Risk Level: The trade includes a publicly stated stop-loss at $1790, establishing a clear line of support and potential pivot point for short-term price action.
Potential Market Influence: This public endorsement from a mining industry leader could bolster investor confidence and create a temporary price floor around the $1850 level.

BTC.TOP Founder Executes ETH Buy at $1850

Jiang Zhuoer, founder of the prominent mining pool BTC.TOP, has made a public move into the Ethereum market, announcing he purchased spot ETH at $1850. In his statement, Zhuoer characterized the current market conditions as "severely oversold," suggesting he views the recent price decline as an excessive reaction and a buying opportunity. This action from a well-known crypto industry veteran serves as a notable bullish signal for a market seeking direction.

Stop-Loss at $1790 Sets Key Level to Watch

More than just a purchase, Zhuoer also defined his risk by setting a stop-loss for the trade at $1790. This public declaration establishes a critical price level for other market participants. Should ETH maintain its price above this mark, it could reinforce Zhuoer's thesis and attract further buying pressure. Conversely, a drop below the $1790 stop-loss could invalidate his short-term bullish outlook and potentially trigger a new wave of selling, as it would signal a failure of this attempted support level.