BlockBeats News, August 20th, F2Pool co-founder Wang Chun stated in a post at 2 a.m. today that the "bear market has ended."

Wang Chun is an early key figure in the cryptocurrency industry and the co-founder of F2Pool. In previous news, Wang Chun had been dollar-cost averaging, buying about 70,600 ETH (approximately $117 million) and 966 WBTC (approximately $60.29 million) in June.

However, during the market rebound in July, he transferred 36,600 ETH and 160 WBTC to Binance, expecting to make a profit of $3.4 million.