TechFlow News, June 11: Jiang Zhuo’er stated that after repurchasing ETH on June 5, he sold 50% of his spot ETH at $1,629, with a stop-loss price set at $1,710.
He explained that the sale was motivated by the assessment that Trump “has run out of options” and may launch a new round of strikes against Iranian infrastructure; in response, Iran could retaliate against oil-and-gas facilities in Gulf states and, via the Houthi forces, blockade the Bab el-Mandeb Strait—further escalating the conflict.
Jiang added that this trade was intended as a swing trade aimed at increasing his ETH holdings. Specifically, he pledged his ETH as WBETH and used it as margin to open short positions in perpetual futures contracts—thus retaining staking rewards while selling spot ETH.
