BTC.TOP Founder Flips Bullish on Ethereum, Sees ETH Outpacing Bitcoin This Cycle

Jiang Zhuoer, founder of Chinese mining pool BTC.TOP, has reversed his bearish crypto market outlook and is now betting heavily on Ethereum to outperform Bitcoin during the current cycle. The prominent miner previously sold Ethereum between $1,738 and $1,931, according to TokenPost reporting, and his return near $2,400 marks a full round-trip on the asset he once exited.

The weekly close structure

Ethereum's seven-day performance backs the pivot. ETH climbed 29.2% over the past week to $2,435.57, while Bitcoin rose 22.8% to $77,192.18, per CoinGecko data. The seven-day close series for Ethereum shows a steady stair-step: $1,896, $1,895, $1,932, $2,287, $2,384, $2,426, $2,428. CoinGecko data shows Bitcoin's equivalent series moved from $63,834 to $77,192 with a mid-week pullback to $75,962 before recovering.

Volume and turnover divergence

per CoinGecko, the divergence in weekly returns coincides with a broader market cap of $2.61 trillion and 24-hour volume of $89.7 billion, down 2.33% on the day. Ethereum's volume-to-market-cap ratio of 5.7% exceeds Bitcoin's 2.0%, suggesting higher relative turnover. Zhuoer's sizing implies he sees that turnover translating into sustained bid pressure rather than churn.

Roadmap weight in the bet

Ethereum's roadmap milestones add structural context. The network's shift to proof-of-stake, EIP-4844 blob space, and ongoing L2 fee compression have reduced base-layer congestion while expanding throughput. Bitcoin's own developments, ordinals, runes, and Layer 2 experiments, have driven fee spikes but not yet a comparable throughput leap. Zhuoer's bet appears to weight Ethereum's execution-layer scaling over Bitcoin's store-of-value narrative for this cycle's remainder.

The level that decides it

What breaks the thesis? Figures from the desk show a sustained drop below the $2,287 weekly close would invalidate the higher-low structure. Conversely, a weekly close above $2,500 with volume above $20 billion would confirm momentum. The next seven daily prints will decide.