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Garrett Jin Tops On-Chain BTC Longs and ZEC Shorts, with More Than $10 Million in Combined Unrealized Losses
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News EditorBlockBeats reported on August 22 that TradingBeats, formerly Hyperinsight, showed the address linked to the so-called "BTC OG insider whale" Garrett Jin as the largest on-chain BTC perpetual long and the largest on-chain ZEC perpetual short. The BTC position is 1,270 BTC, worth about $97.9 million, held with 5x leverage and showing an unrealized gain of $1.35 million. The ZEC short is 32,760 ZEC, worth about $25.97 million, held with 2x leverage and showing an unrealized loss of $11.43 million. Together, the positions point to more than $10 million in unrealized losses.
BlockBeats reported on August 22 that TradingBeats, formerly known as Hyperinsight, showed the address associated with the so-called "BTC OG insider whale" Garrett Jin as both the largest on-chain Bitcoin perpetual long and the largest on-chain ZEC perpetual short.
The BTC position is a 5x leveraged long of 1,270 BTC, worth about $97.9 million, with an unrealized gain of $1.35 million, according to the monitoring data.
On ZEC, the same address is running a 2x leveraged short of 32,760 ZEC, worth about $25.97 million. That position is showing an unrealized loss of $11.43 million.
Taken together, the two positions leave the address with more than $10 million in combined unrealized losses, based on TradingBeats' figures.
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