On-chain analyst Ember said the whale entity tied to Garrett Jin, known as the “10.11 insider whale,” added 600 BTC to its long position at $79,000 during the early hours, a trade valued at $47.4 million. The entity has held its BTC long for three months and now controls 1,868 BTC in total, with the position valued at $147 million. Its average entry price stands at $77,090, leaving the BTC long with an unrealized profit of $2.78 million. At the same time, the same entity is holding a short position in 32,700 ZEC opened at an average price of $444. That position is currently valued at $25.28 million and is showing an unrealized loss of $10.74 million. The figures were attributed to monitoring data shared by Ember and cited by Odaily.
According to Odaily, on-chain analyst Ember said the whale entity linked to Garrett Jin, referred to as the “10.11 insider whale” and identified as 0x92ea...50e9, added 600 BTC to its long position during the early hours at a price of $79,000.
The added BTC position was worth $47.4 million. Ember’s monitoring shows the entity has held its BTC long for three months and now holds 1,868 BTC in long positions in total, valued at $147 million, with an average entry price of $77,090 and an unrealized profit of $2.78 million.
The same entity is also holding a short position of 32,700 ZEC opened at an average price of $444. That position is currently valued at $25.28 million and is sitting on an unrealized loss of $10.74 million.
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.
