Jiang Zhuoer Sells Remaining ETH Spot at $1,931, Clears Position

According to Foresight News, Jiang Zhuoer, founder of the Leibit mining pool, stated that he sold his remaining 50% spot Ether (ETH) when the price reached $1,931, fully liquidating his ETH spot position at an average selling price of $1,834.5. He noted that ETH's rapid rebound approached the starting point of the decline on June 2, with significant overhead resistance, and estimated the rebound ceiling at around $2,000, prompting the sale. He also cautioned that this strategy applies only to spot trading, warning that leveraged positions carry high risk and advising futures traders not to follow suit. Previously, Jiang Zhuoer had bought back his entire ETH position at $1,645 during the market crash on June 5 and sold 50% of his spot ETH at $1,629 on June 11.