$BTC Giant whale just flipped with the backhand!
Garrett Jin closed out long positions and made $8.38 million.
Then he immediately opened a 3x BTC short!
500 BTC short position, worth about $43.23 million.
He just cashed in the longs’ profits, and then started betting on a pullback again!
After Garrett Jin closed out the previously held 1,333 BTC long positions and realized roughly $8.38 million in profit, his latest positions changed—he instead opened a 3x leveraged short of 500 BTC, with a position value of about $43.23 million.
What’s worth watching here is the shift in timing. Earlier, his BTC longs rode the uptrend. Now, near $86,000, he flips to short, which suggests he’s betting on the room for a pullback after a short-term spike higher. The whale’s position switch will also become an important signal for market observers to gauge bullish vs. bearish sentiment.
The long-side profits have already been locked in.
Whether this short can profit from a retest will determine the next round of the battle.
Click the card below and get straight to it!👇
$ETH $ZEC
Garrett Jin closed out long positions and made $8.38 million.
Then he immediately opened a 3x BTC short!
500 BTC short position, worth about $43.23 million.
He just cashed in the longs’ profits, and then started betting on a pullback again!
After Garrett Jin closed out the previously held 1,333 BTC long positions and realized roughly $8.38 million in profit, his latest positions changed—he instead opened a 3x leveraged short of 500 BTC, with a position value of about $43.23 million.
What’s worth watching here is the shift in timing. Earlier, his BTC longs rode the uptrend. Now, near $86,000, he flips to short, which suggests he’s betting on the room for a pullback after a short-term spike higher. The whale’s position switch will also become an important signal for market observers to gauge bullish vs. bearish sentiment.
The long-side profits have already been locked in.
Whether this short can profit from a retest will determine the next round of the battle.
Click the card below and get straight to it!👇
$ETH $ZEC
