JackYi Says U.S. Stock Selloff Left Bitcoin Spot Holdings Underwater

Liquid Capital founder JackYi said a sharp U.S. stock selloff pulled Bitcoin (BTC) lower and left the spot holdings he discussed underwater, while he took profits on long positions.

JackYi said he initially held off on buying, then entered long positions near $77,000 after a quick rebound. He took Bitcoin holding around $80,300 as a sign the pullback had ended and an uptrend had resumed. He said he had spent more than 40 days watching the retreat from $86,000.

He described his trading decisions as sound, saying rapid moves are difficult to predict and require position risk management. JackYi said he was watching U.S. stocks and oil. A determined Democratic Party push on AI and crypto would add uncertainty, he said, while he continued to view the broader trend as upward. He said he would wait for clearer macro conditions before looking for another dip entry.