Huo Xing Finance reports that, on August 22, according to data from TradingBeats (formerly Hyperinsight), the agent address of "BTC OG Insider Whale," Garrett Jin, is currently the largest long position on-chain for Bitcoin contracts, holding a 5x leveraged long position of 1,270 BTC (approximately $97.9 million) with an unrealized profit of $1.35 million; at the same time, it is also the largest short position on-chain for ZEC contracts, holding a 2x leveraged short position of 32,760 ZEC (approximately $25.97 million) with an unrealized loss of $11.43 million.
Garrett Jin holds the top BTC long and ZEC short positions with over $10 million in floating losses.
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Summary
Garrett Jin’s address holds the largest BTC long position, with 1,270 BTC ($97.9M) at 5x leverage, resulting in a $1.35M floating profit. The same address also holds the largest ZEC short position, with 32,760 ZEC ($25.97M) at 2x leverage, incurring an $11.43M floating loss. Traders are advised to implement a stop-loss strategy amid volatile market conditions. Long-term investing remains a key approach for managing leveraged positions.
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