Jiang Zhuoer: BTC in Bottom-Seeking Phase, Not Stable Bottom

Litecoin Pool founder argues current BTC stability mirrors 2018 pre-crash stagnation, suggesting market is in a 'breathing period' rather than having established a confirmed floor.

Woofun AI notes that Jiang Zhuoer, founder of Litecoin Pool (B.TOP), characterizes the current Bitcoin market as being in a bottom-seeking or recovery phase rather than having reached a stable bottom. He contrasts historical major bottoms, which featured high losses and volatility, with the current environment of lower losses and reduced volatility, describing it as a 'breathing period.' Drawing a parallel to 2018, he highlights that BTC previously stagnated between $6,000 and $7,000 for approximately two and a half months before dropping to $3,000, similar to its recent two-month consolidation between $60,000 and $70,000.