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

TechFlow reports that on September 6, Jiang Zhuo'er stated that the "magnet effect" was the primary reason he exited 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 stage of a bull market filled with distrust and skepticism, leaving investors concerned about sharp downturns. According to the heatmap, there is a larger concentrated liquidation zone near $76,000 below, which is more likely to be triggered by market activity compared to the $83,000 area above.