On-chain analyst Ember reported that the whale entity linked to Garrett Jin closed a Bitcoin long position worth $112 million yesterday at a price of $84,455, locking in a profit of $8.38 million. The move was followed by a directional shift early today, when the same entity opened a short position of 500 BTC at $85,994. The new short was valued at $43.31 million at the time it was opened. The update points to a rapid change in positioning by a closely watched large holder, with the long fully exited before the short was established. No additional details on the trading venue or wallet structure were disclosed in the source note.
According to on-chain analyst Ember, the whale entity associated with Garrett Jin closed a Bitcoin long position worth $112 million yesterday at $84,455, booking a profit of $8.38 million.
Early today, the entity switched to a short position, opening a 500 BTC short at $85,994. The position was valued at $43.31 million when it was opened.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
