Whale Garrett Jin held $10B in BTC, lost hundreds of millions on ETH and ZEC
- —Since 2018, 100,800 BTC accumulated at an average price of $7,242
- —About 89,000 BTC sold, 900,000 ETH bought above $3,500
- —Liquidation of a 213,000 ETH long resulted in a loss of about $230 million
- —A ZEC short since July shows a current loss of about $34 million
Why it matters: The story shows how large capital flowed from bitcoin into Ethereum and altcoins, while failed leveraged whale trades amplify market volatility.
Source: ChainCatcher 链捕手