The entity linked to Garrett Jin once held over 100,000 BTC, with an average cost per unit of just around $7,242, and has repeatedly incurred massive losses over the past year.

EmberCN reported that Garrett Jin, the agent of the so-called "BTC OG insider whale" entity, was able to absorb tens of millions of dollars in unrealized losses from the ZEC airdrop thanks to its massive early BTC holdings. The entity accumulated 100,784 BTC between May and June 2018 at an average price of roughly $7,242; by the same period last year, this position was worth over $10 billion, and funds for subsequent investments primarily came from BTC sales. Over the past year, the entity has engaged in frequent large-scale crypto asset transactions: starting in August 2025, it sold approximately 89,000 BTC and purchased around 900,000 ETH at an average cost exceeding $3,500 per ETH, with these ETH subsequently transferred to Binance in the first half of 2026. In December 2025, the entity went long ETH on Hyperliquid; in early February 2026, as ETH fell from $3,000 to $1,800, its long position of 213,000 ETH (valued at roughly $670 million) was liquidated, resulting in a loss of about $230 million in margin. During the same period, the entity— which had multiple large fund flows with Trend Research addresses— is believed to have provided partial funding to Trend Research; one of Trend Research’s leveraged long positions of 651,500 ETH was ultimately stopped out, incurring a loss of around $734 million. Additionally, from February to June this year, the entity accumulated a total of approximately 289.6 million "Binance Life" tokens via Binance withdrawals and on-chain purchases, worth roughly $150 million, accounting for 28.9% of the token’s total supply. In March, it suffered extreme slippage when converting 50.43 million aEthUSDT to aEthAAVE, receiving only 327.2 AAVE in exchange and losing about $50.39 million. Since July, the entity has been shorting ZEC on Hyperliquid, with current unrealized losses of around $34 million. Compared to its early $10-billion-level BTC holdings, this loss is just one part of its multiple high-value transactions.