BlockBeats News, February 6th, Jiang Zhuo’er, founder of Leibite Mining Pool (B.TOP), stated this morning on his social media platform that the crypto market has experienced a severe oversold condition since January 28th and there is a need for a mid-term recovery adjustment.
Jiang Zhuo’er also stated that he has bottomed ETH at $1850, with a stop-loss at $1790, and has not set a take-profit target yet. This kind of oversold condition only appears once a year, missing out on profits would be a big loss.
Jiang Zhuo’er’s Leibite Mining Pool was once one of the world’s top-ranked Bitcoin mining pools, reaching the highest network hashrate during the peak of the 2017 bull market.
