TechFlow news, on July 15, Jiang Zhuoer, founder of BTC.com Pool, stated in a post that he sold the remaining 50% spot position when the Ethereum price rose to $1,931. Currently, all Ethereum spot holdings have been sold, with an overall average selling price of $1,834.5.
He believes that this rebound has approached the starting point of the decline on June 2, there are significant trapped positions above, and the price ceiling is expected to be around $2,000, so he chose to sell.
At the same time, he emphasized that this move applies only to spot and not to leveraged futures trading, and reminded investors not to imitate the behavior of holding onto leveraged losing positions or adding to losing positions.
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