According to ChainCatcher, on-chain monitoring data shows that Garrett Jin, referred to by the market as the agent of the “1011 insider whale,” recently placed six ZEC limit buy orders at the price level of $409.12. The orders were recorded while the same account was already holding leveraged long positions in both BTC and ZEC, based on publicly available data.
Leveraged Long Positions in BTC and ZEC
Public data shows that, as of now, the account associated with Garrett Jin holds a 5x leveraged long position of approximately 1,268.33487 BTC. It also holds a 2x leveraged long position of approximately 50,013.17 ZEC. Both disclosed positions are long positions, with exposure concentrated in BTC and ZEC.
Calculated at current market prices, the account’s overall positions are temporarily carrying an unrealized loss of about $15.4 million. The reported return on investment, or ROI, is approximately -57%. The disclosed information covers the ZEC limit buy orders, position sizes, leverage levels, unrealized loss and ROI, without additional details on further account activity.