Jiang Zhuoer sold all ETH spot holdings at an average price of $1,834.5, expecting the rebound ceiling to be around $2,000.
Foresight News reported that Jiang Zhuoer, founder of Leibite Mining Pool, announced that he sold the remaining 50% of his ETH spot holdings at $1,931. He has now completely cleared all ETH spot positions, with an average selling price of $1,834.5. He stated that ETH quickly rebounded and approached the starting point of the current round of decline on June 2, with a significant number of trapped positions above. He expects the rebound limit to be around $2,000, which is why he chose to sell. He also reminded that the above operation applies only to spot trading; leveraged positions carry extremely high risk and futures users are not advised to follow suit.
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