Garrett Jin withdraws 35,001 ETH worth $85M from Binance to Hyperliquid
- —35,001 ETH worth about $85 million withdrawn from Binance
- —Funds fully transferred to Hyperliquid
- —Possible purpose: margin or support for a ZEC short
Why it matters: A large ETH transfer to a derivatives venue could signal preparation to sell or strengthen a short position, pressuring the price.
Source: PANews