Scrolled to a post: the so-called “BTC OG inside story” whale agent Garrett Jin shared two records of withdrawals from Binance spot—$ZEC —showing 134,000 + 68,100, totaling about 202,100 BTC. At the time, roughly $1,560 per BTC, that position was about $315 million.
Not long ago, he had ZEC short positions on Hyperliquid that were in an unrealized loss of tens of millions, getting watched for “naked shorting.” This time, by posting the spot holdings, it seems more like hedging an enormous spot position with contracts rather than simply betting on a drop. On the cost side, someone estimated the average cost at around the four-hundreds-dollar range, and the unrealized profit isn’t small either—among this privacy-coin cycle, the whales’ ledger looks better than the talk.#加密市场 $ZEC
Not long ago, he had ZEC short positions on Hyperliquid that were in an unrealized loss of tens of millions, getting watched for “naked shorting.” This time, by posting the spot holdings, it seems more like hedging an enormous spot position with contracts rather than simply betting on a drop. On the cost side, someone estimated the average cost at around the four-hundreds-dollar range, and the unrealized profit isn’t small either—among this privacy-coin cycle, the whales’ ledger looks better than the talk.#加密市场 $ZEC
