Lookonchain data shows Garrett Jin is taking profit on his 1,868 BTC long position held for over three months, realizing a $210,000 profit from 276 BTC closed, while still holding 1,592 BTC worth $123.92 million. However, after paying $1.94 million in funding fees, the position remains in an overall loss.
Lookonchain says Garrett Jin (address 0x92e...050e) is cashing in part of his long Bitcoin bet, a 1,868 BTC position. He has already closed 276 BTC and locked in $210,000 in profit. And he still has 1,592 BTC on the books, valued at $123.92 million, with $1.18 million in unrealized profit.
But there’s a catch. He has kept the position open for more than three months, and over that stretch he paid $1.94 million in funding fees. So despite the profit on paper, he remains at an overall loss.
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