BTC OG insider whale closes $107 million worth of BTC long positions, earning a $1.02 million profit, while ZEC short positions carry an unrealized loss of $24 million.
59 minutes ago
According to EmberCN’s monitoring, Garrett Jin, the agent of the so-called "BTC OG insider whale", has just closed out a BTC long position worth approximately $107 million, totaling 1,331 BTC. The position was held for around three and a half months, netting a profit of roughly $1.02 million. Currently, his account only holds a large ZEC short position: some 39,760 ZEC with a nominal value of about $47 million, and an unrealized loss of approximately $24 million. Previous data indicates that Garrett Jin’s ZEC short position has been incurring massive unrealized losses for some time. Notably, Garrett Jin added to his heavily loss-making ZEC short position earlier today, before closing out his entire profitable BTC long position. EmberCN quipped that this trading behavior is quite similar to that of ordinary investors: selling profitable positions as soon as possible, while clinging to loss-making positions and continuously adding to them.
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