Market Reactions to U.S.-Iran Tensions and ETH Shorting Strategy

On April 8, Jiang Zhuoer, founder of the mining pool B.TOP, announced a short position on Ethereum at $2,242. According to BlockBeats, Jiang commented on the geopolitical tensions involving U.S. President Donald Trump and Iran, suggesting that the conflict might conclude with Iran controlling the Strait of Hormuz and imposing transit fees, a situation the U.S. might not legally recognize but tacitly accept. Jiang likened this scenario to the Suez Canal crisis of 1956, which marked the end of British imperial dominance. He noted that the bear market cycle is not yet complete, and any event-driven rallies present opportunities to increase short positions. Jiang also mentioned the possibility of renewed conflict, emphasizing that his strategy is focused on short- to medium-term operations, similar to his previous trades of going long at $1,850 and closing at $2,144.