Jiang Zhuoer has liquidated his ETH spot holdings, expecting a rebound limit of around 2000 USD

The founder of the Liebit mining pool, Jiang Zhuoer, stated that he has sold the remaining 50% of his spot holdings when the ETH price was $1,931. Currently, the ETH spot position has been completely liquidated, with an overall selling average price of $1,834.5.

Jiang Zhuoer mentioned that ETH has rebounded quickly and is approaching the starting point of the recent decline on June 2. There are many trapped positions above, and he expects the upper limit of this rebound to be around $2,000, which is why he chose to sell. He also reminded that this operation is only applicable to spot trading, as leveraged positions carry higher risks, and he does not recommend futures users to follow suit.