According to Odaily Planet Daily, Garrett Jin, the proxy for the crypto entity known as the '1011 Insider Whale', is currently sitting on a floating loss exceeding $11.5 million from his 5x leveraged long position in 1,268 BTC.
The whale gained notoriety for well-timed entries during market lows, but Bitcoin's recent price action has not moved as expected, leading to a sharp paper loss on this high-leverage position. With the flagship cryptocurrency still trading below key support levels, it remains to be seen whether Jin will add margin or adjust the position. At current prices, the scale of the loss has drawn considerable market attention.
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