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Deep Tide TechFlow News, June 11th, Jiang Zhuoer stated that after buying back ETH on June 5th, he sold 50% of his spot ETH at $1,629, with a stop-loss price of $1,710.
He said the reason for selling was that Trump "has no more tricks up his sleeve," and may launch a new round of strikes against Iran's infrastructure; Iran might retaliate against Gulf countries' oil and gas facilities, and use Houthi forces to block the Strait of Mandeb, further escalating the conflict.
Jiang Zhuoer added that the purpose of this trade was for swing trading to increase the amount of held coins, specifically by staking ETH as WBETH, then using it as collateral to open a short position in perpetual contracts, so as to retain staking rewards while selling ETH.