Jiang Zhuoer: Bought Back All ETH Holdings at "Market Bottom," Plans to Start Selling in 1-3 Days After Rebound
BlockBeats News, June 5th, Jiang Zhuo'er, founder of Lebit Mining Pool (B.TOP), announced that he had bought back all previously sold Ethereum positions at an average price of $1645, after liquidating his holdings in the $2200 to $2400 range.
Despite completing the repurchase operation, he believes that the overall market is still in a downtrend. However, Bitcoin has found support near $61,000 twice and has not significantly dropped below that level, indicating a short-term demand for a technical rebound. Based on this assessment, Jiang Zhuo'er expects Bitcoin to experience a rebound in the next 1 to 3 days and plans to sell the recently repurchased Ethereum positions during this rebound.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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