Jiang Zhuoer, founder of the BTC.TOP mining pool, disclosed in a public post on X that he sold 100% of his BTC position at $77,226, according to a September 11, 2026 trade record. The post did not reveal the size of the trade, the venue, a wallet address, a trade confirmation, or whether the position consisted of spot Bitcoin, futures, or another derivative. The disclosure therefore does not prove that BTC.TOP, its miners, or the broader mining industry sold Bitcoin.
The distinction matters because mining-related selling can take several forms: a founder’s personal trade, mining pool reward flows, or a mining company’s treasury sale. Jiang’s statement falls into the first category. Without a disclosed size or identified wallet flows, the post cannot be treated as evidence that freshly mined Bitcoin or BTC.TOP reserves entered the market.
In a subsequent commentary, Jiang warned that a significant Bitcoin price movement may be near. He argued that Bitcoin would first clear the intense liquidation zone above $76,000. If Bitcoin recovers without falling below $75,000, he expects a rally toward $80,000 and possibly a test of resistance between $83,000 and $84,000, though he cautioned that a larger correction could follow such a rise.
If Bitcoin loses $75,000, Jiang’s alternative scenario calls for a deeper correction toward $70,000–$72,000 before the next phase of the bull market. He also said Ethereum is expected to test the liquidation zone around $2,665. Jiang added that next week’s expected vote on the bill and developments from the Federal Reserve could be important catalysts. Due to the uncertainty, he said he is pursuing a more balanced strategy: holding a full short position in Bitcoin and a full spot position in Ethereum.
The stated exit price of $77,226 was near first daily support around $76,600, while immediate resistance remained between $79,500 and $80,000. Analysts noted that a break below support would reinforce downside risk implied by the trade, while a recovery through resistance would weaken the bearish view. Still, the disclosure alone does not show that Jiang’s position moved Bitcoin or reflects the view of miners generally.
