Leibite mining pool founder Jiang Zhuo’er said in a post that he sold the remaining 50% spot positions when Ethereum’s price rose to $1,931. Currently, all Ethereum spot has been fully sold, and the overall average selling price is $1,834.5. He believes this rebound is approaching the starting point of the June 2 drop, and that there are many trapped positions above; therefore, he expects the price ceiling to be around $2,000 and chose to sell. He also emphasized that this move applies only to spot, not to leveraged futures trading, and reminded investors not to imitate leveraged holding positions under leverage or the act of adding to positions at a loss.