Instead of cutting the position, he’s doubling down.
Jin reportedly added another $8.4M to the trade, bringing his total $ZEC short exposure to roughly $47M.
According to the position shown, his average entry sits near $576, while $ZEC is trading around $1,199 — leaving the position with approximately $24.76M in unrealized losses.
His liquidation level is reportedly around $2,292, meaning the trade still has room before forced liquidation, but the size of the drawdown is already enormous.
What makes this even crazier is the history.
Back in June, Jin reportedly made $11.24M shorting Zcash.
Now he’s back on the same side of the trade — except this time ZEC has moved violently against him, wiping out more than twice that previous profit on paper.
And he still hasn’t closed.
$47M short. $24M+ underwater. Still adding.
This is quickly becoming one of the wildest $ZEC whale positions to watch on-chain. 👀
Strategy’s aggressive Bitcoin bet is once again showing just how powerful its long-term accumulation strategy can become when $BTC moves higher.
Michael Saylor has spent years positioning Bitcoin as a core treasury asset, repeatedly adding BTC through different market cycles instead of treating it as a short-term trade.
Now, billions in unrealized gains highlight the scale of that conviction.
The gains remain “unrealized,” meaning they exist on paper and can rise or fall with Bitcoin’s price. But the numbers show why Strategy has become one of the biggest institutional symbols of Bitcoin adoption.
🚨 BREAKING: $125 BILLION FLOODS INTO THE CRYPTO MARKET AS BITCOIN SMASHES THROUGH $81,000!
The crypto market just witnessed a powerful wave of fresh capital, with roughly $125,000,000,000 added to total market value as Bitcoin surged to $81K.
The rapid move caught leveraged traders on the wrong side of the market, triggering another aggressive short squeeze.
In just 60 minutes, more than $150 MILLION worth of leveraged positions were liquidated, adding even more fuel to the volatility.
And Bitcoin isn’t moving alone.
Ethereum, BNB, XRP, Solana, Dogecoin, Cardano and several other major altcoins are flashing green as buying pressure spreads across the broader market.
When shorts are forced to close, they have to buy back into the market — which can accelerate an already fast rally and create a cascade of liquidations.
BTC reclaiming $81K + billions flowing back into crypto + heavy short liquidations = momentum is heating up fast.
Now the big question:
Is this just another short squeeze… or the beginning of a much bigger crypto breakout? 👀🔥
BITCOIN IS ENTERING SEPTEMBER WITH HISTORY WORKING AGAINST IT.
Every time Bitcoin has managed to close August in the green, September has historically had a strong tendency to reverse the momentum and finish in the red.
That makes the current setup especially interesting.
August strength suggests buyers were willing to absorb selling pressure, but September has long carried a reputation as one of Bitcoin’s more difficult months.
Now the market faces another test.
If $BTC follows the historical pattern, August’s bullish close could turn into a September pullback, with traders potentially taking profits and liquidity getting tested below current levels.
But if Bitcoin breaks the pattern and closes September green, the signal could be much more important.
It would show that current demand is strong enough to overcome a seasonal trend traders have been watching for years — potentially strengthening the case for continued momentum into Q4.
History favors caution.
The market is trying to rewrite history.
Will September punish Bitcoin bulls again, or is this finally the year BTC breaks the cycle?
ETH closed August +31.88%, marking a huge shift from the weakness we saw in previous years.
What stands out isn’t just the number — it’s the change in momentum. After spending months under pressure, buyers stepped in aggressively and turned August into a breakout month.
Now comes the important part.
Can ETH carry this strength into September, or was August the big move everyone was waiting for?
Either way, +31.88% in a single month is hard to ignore.
$BTC bounced aggressively from $63,300 and is now trading around $78,200.
Despite the current sideways movement, the broader structure remains constructive.
Bitcoin is still printing higher highs and higher lows, which means buyers continue to defend the trend.
The key level right now is $78,000.
Local support sits around $77,800, while the stronger demand zone remains between $75,500 and $76,000.
On the upside, $81,270 is the major level to watch.
This resistance becomes even more important because it aligns with the weekly MA 50. A clean breakout above this area could significantly strengthen bullish momentum.
From here, I’m watching two possible scenarios.
If Bitcoin holds $78,000, breaks the local trendline and buyers regain momentum, the next major target could be around $83,000.
But if $78,000 fails to hold, I’d expect liquidity below the current range to get tested.
That could send BTC back toward the $75,500–$76,000 support zone before Friday.
For now, there’s no reason to overcomplicate it.
$78,000 is the decision level.
Hold it → bulls can attack $81,270 and potentially $83,000.
Lose it → $76,000 becomes the next major test.
The next breakout from this consolidation could decide Bitcoin’s short-term direction.
$BTC JUST RECLAIMED THE RAINBOW CHART — AND THE BIGGER PICTURE IS STARTING TO LOOK VERY INTERESTING.
Bitcoin has pushed back into the Rainbow Chart’s long-term valuation bands, putting BTC back inside a historical framework that tracks its price through different market-cycle zones.
The important part isn’t simply that Bitcoin crossed a colorful line.
The Rainbow Chart is built around a logarithmic growth model, so traders often use it as a broad cycle reference rather than a short-term trading indicator. Moving higher through these bands can signal that Bitcoin is progressing into a stronger phase of its long-term cycle.
What makes this especially interesting is what could happen if momentum continues.
If BTC holds its position and starts climbing through the higher valuation bands, market attention could shift rapidly from consolidation toward price discovery and cycle expansion.
But there’s an important catch.
The Rainbow Chart is not a prediction machine. Bitcoin has deviated from historical models before, and macro conditions, liquidity, institutional flows, regulation, and overall risk appetite can completely change how a cycle develops.
So reclaiming the chart alone doesn’t guarantee a massive rally.
Still, seeing Bitcoin regain this long-term structure is something worth watching closely.
If BTC keeps moving through the Rainbow bands instead of falling back below them, the next stage of this cycle could become much more interesting.
The real question now:
Is Bitcoin simply returning to its historical trend…
WINTERMUTE JUST MOVED ANOTHER 590.9 $BTC WORTH AROUND $45.66 MILLION.
The transfers are getting bigger.
This week alone, Wintermute has moved approximately 3,834.3 $BTC , valued at around $256.8 million.
Large movements from a major market maker always deserve attention, especially when hundreds of millions in Bitcoin start shifting within a short period.
The key now is where this liquidity ends up. If a significant portion moves toward exchanges, traders could start watching for potential sell-side pressure.
If the BTC is being repositioned between wallets or used for liquidity operations, the market impact could be very different.
Either way, $256.8M worth of Bitcoin moving in a single week is not something to ignore.
Keep watching the flows. The next destination matters.
The altcoin market is starting to show signs of life again.
Total alt market cap has bounced from a long-term support range that has held for roughly 1,000 days, gaining around 15% this week as Bitcoin pushed through major resistance and reached $79K.
That bounce matters, but there’s an important detail: altcoins are still heavily dependent on Bitcoin.
Right now, $BTC is setting the direction. When Bitcoin expands higher, liquidity and confidence spill into ETH and larger-cap alts first, with the rest of the market following.
Bitcoin dominance is the key metric I’m watching.
BTC.D remains above 60%, showing that Bitcoin is still absorbing a large share of market liquidity. That usually isn’t the ideal environment for a broad low-cap altcoin run.
Historically, a move in BTC dominance below the 58% area would provide a much stronger signal that capital is rotating away from Bitcoin and deeper into the altcoin market.
So yes, the structure is improving.
Alts are bouncing, market sentiment is getting stronger, and Bitcoin breaking resistance gives the entire market more room to move.
But a bounce is not automatically an altseason.
For now, I’m watching whether BTC can hold its breakout while dominance begins trending lower. If those two conditions start happening together, the next phase for altcoins could become much more interesting.
Until then, confirmation matters more than excitement.
Green candles are hitting across the board, and this isn’t limited to one corner of the market.
$ETH pushed above $2,080.
$SOL exploded toward $82.
$XRP jumped above $1.06.
$HYPE surged past $61.
$BNB ripped toward $620.
$SUI climbed close to $0.70.
The important part is the synchronization. Multiple major assets are moving sharply at the same time, showing a sudden return of aggressive buying pressure.
After a long period of weakness and hesitation, this kind of broad market reaction is exactly what traders have been waiting to see.
One candle doesn’t confirm a full trend reversal, but momentum has clearly returned.
Now the real test begins: can buyers hold these levels and turn this explosive move into something bigger?