Bitcoin Mining Founder Sells All BTC at US$77,226, Now Buys Back, Why?

Just a few days ago, Jiang Zhuoer sold off all his Bitcoin at US$77,226 while preparing to open a short position. Now the Bitcoin mining founder from China has reversed his decision: all the BTC he had released is bought back in full, with a new target of the price breaking through US$80,000-84,000. 

Such a rapid change in stance from a figure who has been mining Bitcoin since the early days of the industry is naturally making many traders curious about what actually changed Jiang Zhuoer's view on Bitcoin in just a matter of days.

Key Takeaways

• Jiang Zhuoer, founder of mining pool BTC.TOP, bought back all the Bitcoin he previously sold at $77,226, and now targets a price rise to $80,000-84,000.
• The previous selling decision was triggered by concerns over US inflation data and the potential for a Fed rate hike, while the buyback occurred after the CLARITY Act bill hit a roadblock in the US Senate.
• Jiang is known for a track record of often changing his views drastically within weeks, including once predicting BTC would plunge to $42,000-44,000 in June 2026.

Chronology: From Selling All Bitcoin to Buying Back in a Matter of Days

Jiang Zhuoer initially sold 100% of his Bitcoin position on the spot market at $77,226, according to a report by Bitcoin Sistemi. 

His reason at the time was concern over United States inflation data and the possibility of the Fed raising interest rates—he even stated he was ready to open a short position if the market really weakened.

However, that stance did not last long. As soon as the CLARITY Act bill, a digital asset regulation being discussed in the US Senate, hit a roadblock and failed to advance, Jiang instead bought back all the Bitcoin he had just sold. 

He reasoned that buying pressure in the market was still strong, and this time targeted the Bitcoin price to rise to the $80,000-84,000 range. 

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Reasons Jiang Zhuoer Is Optimistic Bitcoin Will Break Through $80,000-84,000

It should be noted, the Bitcoin price at the time this article was written was still holding in the $76,300-76,800 range according to combined data from CoinMarketCap, CoinGecko, and CoinDesk—meaning that level is still below both Jiang's selling price ($77,226) and his new target. 

In other words, this buyback decision is essentially a bet that the Bitcoin price will rebound past both those levels in the near future.

Jiang bases his optimism on a reading of buying pressure that he says is still strong in the market, although he did not detail specific on-chain indicators for that claim this time—unlike his usual habit of including technical data such as the mNAV Strategy metric in his public analysis. 

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Jiang Zhuoer. Source: X/@Jiangzhuoer2

Jiang Zhuoer's Track Record: Predictions That Often Change Direction

This pattern of quickly changing his mind is actually nothing new for Jiang. In June 2026, he instead predicted Bitcoin would fall to a low of $42,000-44,000 by the end of the year, basing his analysis on the mNAV Strategy (MicroStrategy) metric which at that time dropped to 0.72—approaching the low level of 0.7 recorded during the 2022 bear market, according to BeInCrypto. 

At that time he even stated his short-term strategy was still to sell spot and short, only planning to buy back after the price truly touched the bottom.

Two months later, in August 2026, Jiang turned optimistic and stated he was 90% sure the bear market was over when Bitcoin approached $79,500, according to Blockonomi. 

Long before that, in June 2026, he also dismissed concerns about Strategy's liquidation risk even though the Bitcoin price fell to $30,000. 

This series of changes in views is why his latest statement about the $80,000-84,000 target should be read as a personal opinion that could change again at any time, not a definite signal of market direction.

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Conclusion

Jiang Zhuoer's decision to sell all his Bitcoin and then buy it back in just a matter of days shows how quickly market sentiment can change amid regulatory uncertainty such as the fate of the CLARITY Act bill and Fed interest rate policy. 

However, Jiang's track record of repeatedly changing his views within weeks—from a bottom target of $42,000 to optimism in the $80,000s—is an important reminder that the opinion of one figure, no matter how big their influence in the mining industry, still needs to be approached with independent analysis before being used as a basis for investment decisions.

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FAQ

Who is Jiang Zhuoer? 

Jiang Zhuoer is the founder of mining pool BTC.TOP and one of the largest Bitcoin miners from China. He is known for actively sharing his personal views on Bitcoin price direction on social media.

Why did Jiang Zhuoer sell all his Bitcoin? 

He sold his entire Bitcoin position at $77,226 because he was worried that US inflation data and the potential Fed rate hike would pressure the market price. He even prepared to open a short position at that time.

Why did Jiang Zhuoer buy back the Bitcoin he had sold? 

After the CLARITY Act bill hit a roadblock in the US Senate, Jiang judged that buying pressure in the market was still strong so he bought back all the Bitcoin he had sold. He now targets the price to rise to the $80,000-84,000 range.

Can Jiang Zhuoer's predictions be used as an investment benchmark? 

It is best not to use it as a single benchmark, because Jiang has a track record of often changing his views drastically within weeks. For example, in June 2026 he predicted Bitcoin would fall to $42,000-44,000, before turning optimistic in August and September 2026.

What is the current Bitcoin price compared to Jiang Zhuoer's target? 

Based on combined data from CoinMarketCap and CoinGecko, Bitcoin is still trading in the $76,300-76,800 range, below the $80,000-84,000 target mentioned by Jiang. This means the projection is still a bet on future price increases, not a condition that has already occurred.