Jiang Zhuo'er: has opened a 200% position to hedge a short position at $65,720 for Bitcoin, currently the overall position is equivalent to a short position

The founder of the Liebit mining pool, Jiang Zhuoer, published a trading record stating that due to the market's excessively weak performance, he first opened a 200% position hedge short at $65,720 for Bitcoin, planning to step back and observe. If the price rises back, he will close the position at the original price.

He stated that this short position is used to hedge his 100% position in ETH spot and 100% position in BTC long. After the hedge, except for small DeFi tokens, his overall position is equivalent to being flat.