Garrett Jin sells 35,001 ETH for $87.5M, opens 3x Bitcoin long
- —35,001 ETH sold for about $87.5 million at ~$2,500
- —3x BTC long opened for $1.31 million with entry at $78,000
- —Same address holds a 3x ZEC short worth $55.64 million
- —Link between the ETH sale and funding the positions is unconfirmed
Why it matters: Large transfers and position shifts by prominent traders are tracked by the market as a signal for ETH, BTC and ZEC.
Source: Koin Bülteni