F2Pool co-founder Wang Chun: ETH rebounded from $1386 to $4956 in four months; investors should not be swayed by short-term panic.

F2Pool co-founder Wang Chun, in an article on the X platform responding to recent cyclical fluctuations in the crypto market, stated that Ethereum fell to $1386 in April 2025, but rebounded to $4956 just four months later. He emphasized that the market is cyclical, and investors should not be swayed by short-term panic. Previously, Wang Chun also pointed out that the Proof-of-Work (PoW) mechanism is the "constitution" of Bitcoin, and the mining mechanism and the core role of miners in Bitcoin network governance should be respected. Without miner support, Segregated Witness (SegWit) would be difficult to activate, and the Lightning Network would be difficult to implement. Miners are a crucial force in maintaining the security and stability of the Bitcoin network, playing a key role in numerous controversial events, including the hash power struggle surrounding Bitmain, Roger Ver's fork stance, the Satoshi Nakamoto identity controversy sparked by Craig Wright, and the BIP-110 proposal, which was considered a farce by some in the community.