Jiang Zhuoer Discloses Sale of Entire BTC Position at $77,226
Key Takeaways
- •Jiang Zhuoer, founder associated with the BTC.TOP mining pool, announced on X on September 11, 2026 that he had sold 100% of his BTC position at $77,226.
- •The disclosure omitted the position size, trading venue, and instrument type, so it remains unknown whether the transaction involved spot Bitcoin or derivatives.
- •The article distinguishes a founder's personal trade from mining-pool reward flows and corporate treasury sales, placing Jiang's post only in the first category.
- •The stated exit price of $77,226 was close to Bitcoin's first daily support near $76,600 and below the $79,500-$80,000 resistance zone.
- •Claims of broader miner selling would require further evidence such as a disclosed trade size, transfers from identified mining wallets to exchanges, or a sustained increase in aggregate miner outflows.
Jiang Zhuoer’s Disclosure
Jiang Zhuoer, the founder associated with the BTC.TOP mining pool, said he sold 100% of his BTC position at $77,226 in a public trade record posted on X on September 11, 2026.
The disclosure did not specify the size of the trade, the trading venue, the instrument involved, a wallet address or a transaction confirmation. It also did not establish whether the position consisted of spot Bitcoin, futures or another derivative.
Jiang’s post shows that he publicly recorded a complete sale or exit from his stated BTC position at $77,226. It does not show how much capital was involved, whether Bitcoin changed hands on spot markets or whether BTC.TOP, its participating miners or the broader mining industry sold Bitcoin.
The original X post is available here: https://x.com/Jiangzhuoer2/status/2098389361784234267
【交易记录贴】77226卖出100%BTC仓位 pic.twitter.com/BFs7tCfjEG — 江卓尔_莱比特矿池 (@Jiangzhuoer2) September 11, 2026
【交易记录贴】77226卖出100%BTC仓位 pic.twitter.com/BFs7tCfjEG — 江卓尔_莱比特矿池 (@Jiangzhuoer2) September 11, 2026
https://x.com/Jiangzhuoer2/status/2098389361784234267?ref_src=twsrc%5Etfw
A Founder’s Trade Is Not a Pool Sale
BTC.TOP is a mining pool, rather than a public record of its founder’s wallet. Mining pools combine hashpower from participating miners, while the miners and the pool operator can make separate decisions about Bitcoin rewards, reserves and hedging positions.
That distinction separates three types of activity that are often grouped under the phrase “miner selling,” even though they can have different effects on Bitcoin’s available supply.
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A founder’s personal trade: This may show an individual market view. Without a disclosed position size, however, it cannot be measured against Bitcoin’s daily spot-market demand.
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A mining pool’s reward flows: These are payments and rewards associated with participating miners. They are not automatically part of the founder’s personal holdings.
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A mining company’s treasury sale: This is a corporate capital-allocation decision. A public filing, earnings report or identified wallet flow could show whether coins were sold to fund operations, repay debt or finance expansion.
Jiang’s post falls into the first category. Nothing in the disclosure shows that BTC.TOP reserves or freshly mined Bitcoin entered the market. Treating the post as an industry-wide sell signal would turn a personal disclosure into a claim that the available evidence does not support.
“Sold” Can Refer to Several Types of Bitcoin Trades
The wording matters because a BTC position is broader than a wallet balance. A trader can sell spot Bitcoin already in their possession, close a long futures position, or open or increase a bearish derivative position. Each action can reflect a negative short-term view, but only a spot sale necessarily creates immediate supply in the spot market.
A spot sale can make coins available to buyers. A derivatives transaction primarily changes market positioning and can affect funding rates, liquidations or futures-market sentiment without placing the same quantity of Bitcoin on the spot market.
Jiang’s short statement does not identify which type of transaction occurred. The narrower and supportable interpretation is that he disclosed fully exiting or selling his stated BTC position at $77,226. The post should not be interpreted as proof that he sold all the Bitcoin he owns without further evidence.
Why $77,226 Was a Notable Price
Because the position size is unknown, the clearest objective context available from the disclosure is the price level. A recent review of Bitcoin’s trading range placed first daily support near $76,600, while the $79,500-to-$80,000 area remained the immediate resistance zone that Bitcoin had struggled to reclaim.
Jiang’s stated exit price was therefore close to the support area rather than the resistance zone. A break below support would reinforce the downside risk implied by the trade, while a recovery through resistance would weaken that near-term bearish interpretation. Neither outcome would prove that Jiang’s position moved Bitcoin’s market or represented the view of miners generally.
Treasury Sales and Exchange Flows Can Diverge
The broader mining picture is more complicated than a single high-profile trade. Public mining companies may sell treasury Bitcoin to fund new infrastructure, repay debt or direct capital toward artificial intelligence and high-performance computing. At the same time, their day-to-day transfers to exchanges can decline.
This split was examined in a March report on miners funding AI expansion: https://coindoo.com/bitcoin-miners-are-liquidating-btc-for-ai-yet-miner-selling-pressure-just-hit-2024-lows/
Large strategic reductions in treasury holdings and low near-term miner exchange outflows can occur simultaneously because they measure different activity. One reflects an occasional capital-allocation decision, while the other measures coins being moved toward the market at a given time.
Jiang’s disclosure does not indicate which, if either, of these patterns applies. It includes no reserve figure, miner-wallet data or evidence that the trade was connected to BTC.TOP’s operations. A founder’s market action therefore cannot serve as a substitute for analysis of mining-sector supply.
Evidence Needed for a Broader Supply Signal
A stronger claim about miner selling would require evidence beyond the X post. Relevant evidence could include a disclosed trade size, a statement that the position represented company reserves, transfers from identified mining wallets to exchanges or a sustained increase in aggregate miner outflows.
Even exchange deposits would only show that coins had become available for trading; they would not by themselves prove that completed spot sales had occurred.
For now, Jiang Zhuoer has publicly recorded a full sale or exit from a BTC position near a key support area. Additional evidence would be needed to determine whether identified mining wallets or pool-linked reserves subsequently moved unusually large amounts of Bitcoin toward exchanges, and whether those coins were sold rather than merely repositioned.
This article is for informational purposes only and does not constitute investment advice.
Source: https://coindoo.com/bitcoin-mining-pool-founder-sells-his-entire-btc-position/
