Litebit Mining Pool founder Jiang Zhuo’er posted that he sold the remaining 50% spot position when Ethereum’s price rose to $1,931. At present, all of his Ethereum spot holdings have been sold, with an overall average sale price of $1,834.5. He believes this rebound is close to the drop starting point on June 2, and that there are many trapped positions above, so he expects the price ceiling to be around $2,000, which is why he chose to sell. He also emphasized that this operation applies only to spot and not to leveraged futures trading, and reminded investors not to imitate the behavior of holding leveraged positions through losses or adding to positions after incurring losses.