Lebit Pool founder Jiang Zhuoer announced he has liquidated his entire position in small-cap DeFi tokens during the morning rebound on November 15. His portfolio is now in a hedged neutral position. Jiang acknowledged that his mid-term market judgment was significantly wrong. The early-session decline nearly reached his falsification threshold of approximately $61,576, potentially disproving his "early bull market" thesis. Key support levels—including the POC (point of control) at $63,853 and the Fibonacci 78.6% retracement level at $64,100—were easily broken. He noted that if the market confirms entry into a "late bear phase" below $57,800, small-cap DeFi tokens would face even deeper losses. Jiang stated he will take a break from trading for an extended period following this loss.