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Deep Tide TechFlow news: On July 15, Jiang Zhuoer, founder of the Laibit mining pool, posted that he sold the remaining 50% spot position when the Ethereum price rose to $1,931. Currently, all Ethereum spot has been sold, with an overall average selling price of $1,834.5.
He believes this rebound has nearly reached the starting point of the drop on June 2. There are many trapped-holder sell orders above, so he expects the price upper limit to be around $2,000 and therefore chose to sell.
He also emphasized that this move applies only to spot and not to leveraged futures trading, and reminded investors not to imitate leveraged holding-through losses or adding to positions after losses.