Jiang Zhuoer, founder of Läbit Mining Pool, stated that on-chain and long-term indicators signal the bear market has ended, identifying July's $57,758 as the low of this cycle. He noted the key question now is where the current correction will bottom—either at the 50% Fibonacci retracement level of $72,500 or the 61.8% retracement zone between $69,000 and $70,000. Jiang disclosed his recent trading activity, revealing that a BTC long position triggered a 5% stop-loss at $72,700 before he opened a short hedge at $73,000. He indicated plans to reduce active trading and mixed long/short operations, opting to stay on the sidelines for the time being.