Jiang Zhuoer, founder of Chinese mining pool BTC.TOP, has reversed a strongly bearish stance and said he is roughly 90% confident the crypto bear market has ended, planning to move his remaining capital into Ethereum on the view that ETH will outperform Bitcoin this cycle. After selling ETH between $1,738 and $1,931 and opening shorts that lost money once Ethereum climbed past $2,000, he closed those positions, repurchased ETH near $2,100, and later sold about half his spot holdings near $2,525 while trading around a short-term top. He now holds 20% to 30% of intended capital in USDT and will put all remaining funds into ETH if Bitcoin retraces to $67,000–$72,000, or buy at market by the end of October if that pullback does not occur. Jiang ties his thesis to ETH/BTC relative strength, growing U.S. government support for blockchain under the Trump administration, and accelerating tokenization of stocks and bonds, sketching rough upside examples such as Bitcoin at 200,000 USDT and ETH/BTC at 0.1 implying ETH near 20,000 USDT. BitMine’s Tom Lee has voiced a similar outperformance case. As of August 23, Bitcoin traded near $77,050 and Ethereum near $2,420, with ETH’s roughly 30% weekly gain outpacing Bitcoin’s about 22% advance.