Woofun AI reports that BitPool founder Jiang Zhuoer finalized the liquidation of his ETH spot holdings. He sold the remaining 50% of his position when prices rebounded to $1931, achieving an average exit price of $1834.5. This follows an earlier transaction on June 11, where he offloaded half of his spot ETH at $1629 after acquiring the full position at $1645 during the market downturn on June 5.

Jiang Zhuoer assesses that ETH has recovered to the level marking the beginning of the June 2 correction. He identifies significant selling pressure from trapped holders above this level and projects that the current rebound will likely face resistance at $2000.