Jiang Zhuo’er, founder of BTC.TOP (B.TOP) and an early figure in China’s cryptocurrency industry, said he would stop trading ETH perpetual futures, arguing that Ethereum’s frequent sudden drops were disrupting his trading decisions.
On the 4th, Jiang disclosed an example of his trading and explained that when ETH fell to $2,380 the previous day, he bought 4,000 ETH and set a take-profit order at $2,493. However, after a sudden drop the next day sent the price to $2,367, he concluded that there was a problem with the strategy and closed the position when the price rebounded to $2,403. ETH subsequently rose to the original target of $2,493.
He said BTC did not experience the same kind of sharp price distortion during the same period. Going forward, he said he would use WBETH as margin to trade BTC perpetual futures without leverage. Position sizes will be limited to his available funds, and when he is not trading, he plans to hold ETH in the spot market.
Source: Jiang Zhuo’er’s public post, BlockBeats (律動財經), September 4, 2026.