Jiang Zhuo'er explains the reason for liquidating BTC: The concentrated liquidation zone below $76,000 for Bitcoin may be more easily triggered.

Jiang Zhuo'er stated that the "magnet effect" was the primary reason he sold his entire Bitcoin position at $82,000 two days ago. He believes that since Bitcoin rallied on August 20, the market has yet to experience a significant pullback, and it remains in the early stages of a bull market characterized by widespread distrust and skepticism, leaving investors concerned about sharp downside moves. According to the heatmap, a larger concentrated liquidation zone exists near $76,000 below, making it more susceptible to being triggered by market movements compared to the $83,000 zone above.