Jiang Zhuoer: Capital conditions do not support a bull market start, Bitcoin may rebound to $68,000-$70,000 before its final drop
- Jiang Zhuoer, founder of Lebit Mining Pool, noted that stablecoins in the crypto market are continuously flowing out.
- USDT's market cap decreased from $184.2 billion to $183.1 billion over the past month.
- USDC's market cap fell from $73.28 billion to $72.15 billion in the same period.
- The total decrease in stablecoin market cap is $2.23 billion.
- Jiang predicts Bitcoin could rebound to the $68,000–$70,000 range before experiencing a final drop.
PANews reported on August 8 that Jiang Zhuoer, the founder of Lebit Mining Pool, stated that the liquidity conditions in the crypto market do not indicate a forthcoming bull market. He highlighted that stablecoins are still experiencing significant outflows.
In the past month, the market cap of USDT has decreased from $184.2 billion to $183.1 billion, while USDC has fallen from $73.28 billion to $72.15 billion. This represents a combined decrease of $2.23 billion in the total market cap of stablecoins.
Jiang mentioned that, given the current liquidity situation, the most Bitcoin could achieve is a rebound to the $68,000–$70,000 range. However, he cautioned that this would likely be followed by a final drop after eliminating short positions.
江卓尔：资本状况不支持牛市启动，比特币可能反弹至68000-70000美元后再度下跌
PANews于8月8日报道，Lebit矿池创始人江卓尔表示，加密市场的流动性状况并不表明即将到来的牛市。他强调，稳定币仍在经历显著的流出。
在过去一个月中，USDT的市值从1842亿美元下降到1831亿美元，而USDC则从732.8亿美元降至721.5亿美元。这代表着稳定币总市值减少了22.3亿美元。
江卓尔提到，考虑到当前的流动性状况，比特币最多可能反弹至68000-70000美元区间。然而，他警告称，这可能在清除空头头寸后，紧接着会经历一次最终的下跌。