Huo Xing Finance reports that, on September 3, according to TradingBeats (formerly Hyperinsight), Garrett Jin is realizing profits on his long position of 1,868 BTC (approximately $147 million). He has already closed 276 BTC (approximately $21.5 million), securing a profit of $210,000. He still holds 1,592 BTC (approximately $124 million), with an unrealized profit of $1.18 million. This long position has been held for over three months.
BTC OG insider Garrett Jin begins unwinding his 1,868 BTC long position.
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Summary
Garrett Jin, linked to the BTC OG insider whale, has begun unwinding a long BTC position of 1,868 BTC ($147 million) using position trading strategies. So far, he has closed 276 BTC ($21.5 million), realizing a $2.1 million profit. Position sizing remains critical, as he still holds 1,592 BTC ($124 million) with a floating gain of $11.8 million. The position has been held for over three months.
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