Jiang Zhuoer: This round of decline has seen a serious oversell, and I have bottomed out ETH at $1850

The founder of the Liebit Mining Pool (B.TOP), Jiang Zhuoer, stated on his social platform this morning that the cryptocurrency market "has experienced a severe oversell since the drop on January 28, and there is a demand for recovery and adjustment in the medium term." Jiang Zhuoer also mentioned that he has "bottomed out ETH at $1850, with a stop loss at $1790, and the take profit is not yet determined; let's wait and see. Such an oversell is an opportunity that only occurs on a yearly basis, and not making a profit would be a big loss." Jiang Zhuoer's Liebit Mining Pool was once one of the top Bitcoin mining pools globally, ranking first in network hash rate during the peak of the bull market at the end of 2017.