BTC OG Insider Whale Closes $107M BTC Long Position, Realizes $1.02M Profit; ZEC Short Incurs $24M Loss

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On September 7, BTC OG insider and whale Garrett Jin closed a 1,331 BTC long position worth $107 million, locking in a $1.02 million profit after three and a half months of position trading. The trade followed a strategic position-sizing approach. Meanwhile, the account’s 39,760 ZEC short position, valued at $47 million, is now facing a $24 million unrealized loss. Earlier that day, Jin added to the ZEC short position before exiting the BTC long.

HuoXing Finance reports that on September 7, according to EmberCN monitoring, Garrett Jin, agent of the "BTC OG insider whale," just closed a long position in BTC worth approximately $107 million, totaling 1,331 BTC. The position was held for about three and a half months, ultimately realizing a profit of approximately $1.02 million. Currently, his account holds only a large short position in ZEC, consisting of about 39,760 ZEC with a notional value of around $47 million, and an unrealized loss of approximately $24 million. Previous data shows that Garrett Jin’s ZEC short position has been suffering substantial unrealized losses for an extended period. Notably, earlier today, Garrett Jin added to his heavily losing ZEC short position, then immediately closed out his entire profitable BTC long position. EmberCN joked that this behavior closely resembles that of an ordinary investor: quickly selling profitable positions while holding onto losing ones and continuously adding to them.

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