LTC.top mining pool founder Jiang Zhuoer disclosed opening a Bitcoin short position sized at 200% of his holdings at $65,720, citing prolonged market weakness. The hedge covers his existing 100% ETH spot and 100% BTC long positions, effectively neutralizing his major-cap exposure. Jiang stated he plans to step aside from active trading for now, with intentions to close the short at the original entry price if Bitcoin recovers. After hedging, his overall portfolio—excluding small-cap DeFi tokens—is equivalent to being flat.