Jack Yi, founder of LD Capital, stated that the slight pullback in Bitcoin is expected. If it continues to drop to around $75,500, it will be a new buying opportunity, and he still anticipates an increase after the pullback. At the same time, public market data shows Bitcoin trading between approximately $77,600 and $77,800, having fallen about 3% from around $80,300 on August 28, with an intraday low of about $76,900. The 52-week range is approximately $57,800 to $126,200.

He mentioned that investing and trading are the most challenging tasks. He entered the Bitcoin space by mining at a low in 2015, later invested in projects like Quantum, and caught the 2017 bull market; at that time, he mistook luck for skill due to his previous successes in traditional industry venture capital. Subsequently, he "madly invested in hundreds of projects, most of which failed and a few succeeded." After opportunities decreased, he shifted to trading, emphasizing the need for respect in trading: after nine consecutive successes, the tenth failure can bring one back to square one.

His public resume aligns with this narrative. RootData states he is the founder of LD Capital and Trend Research, and was a partner at INBlockchain. He has been involved in blockchain since 2015, investing in over a hundred projects including EOS, Qtum, VeChain, and Ulord. He is from Hunan and was born in 1987. The $75,500 corresponds to about $2,000 below the then-current price, marking it as a "slight, addable" position from the recent high of $81,300, not an official guideline from exchanges or funds.

The market structure does not support writing personal points as consensus. From August 19 to 21, Bitcoin rose from about $64,700 to approximately $78,300, then fluctuated between $77,000 and $81,000; a year ago, the price was higher, still down about 30% year-on-year. Giant tech and macro trading are simultaneously competing for the same liquidity. The statement of nine consecutive profits followed by one loss is a statistical common sense of leveraged trading, not a new pricing model.

His path is from miner to project portfolio to subjective trading. Mining profits from computing power and electricity costs, while the 2017 wave of altcoins and public chains profited from issuance premiums. The failure rate of hundreds of projects has shifted returns from selecting tracks to timing. LD Capital, a type of RMB crypto fund, repeatedly faces the same constraints in cycles: fewer primary projects, greater secondary volatility, and its scale no longer favors small-cap markets.

In market mechanics, buyers are trend traders viewing $75,500 as a discount, while sellers are short-term accounts reducing positions from the $81,000 high. Prices are driven by both spot and perpetual markets, not a single tweet. Funds oscillate between $77,000 and $81,000, and who buys at $75,500 depends on whether there are real buyers there. The beneficiaries are those who can survive the tenth pullback; the pressured are accounts that write the luck of 2017 into their trading systems and continuously win on leverage.

Source: Public Information