Jiang Zhuoer Buys Back All ETH Positions at $1,645, Plans to Sell After a 1-3 Day Rally

KuCoinFlash

Release Time: 06/05/2026 08:43:22

Summary

According to Blockbeats, Jiang Zhuoer repurchased all ETH positions at $1,645 on June 5, after previously selling ETH in the $2,200 to $2,400 range. He anticipates a short-term Bitcoin rally following support near $61,000, with ETH likely to be sold during a 1-3 day upward movement. Altcoins to watch may benefit from broader market momentum.

BlockBeats news, on June 5, Jiang Zhuo'er, founder of B.TOP mining pool, posted that he has repurchased his entire previously sold Ethereum position at an average price of $1,645, having previously liquidated it in the range of $2,200 to $2,400.

Although he has completed the buy-back, he believes the overall market is still in a downtrend; however, Bitcoin has twice found support near $61,000 and failed to break down effectively, indicating a short-term technical need for a rebound. Based on this assessment, Jiang Zhuo’er expects Bitcoin to experience a rebound over the next 1 to 3 days and plans to sell his recently repurchased Ethereum position during the rebound.

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