Crypto Whale Liquidates Holdings, Profits $1.556 Million
- Garrett Jin liquidates long crypto positions, profiting $1.556 million.
- Impact on BTC and ETH markets draws attention.
- No official statements from Jin regarding the trades.
The “1011 Short-Selling Insider,” associated with Garrett Jin, liquidated all long positions resulting in a $1.556 million profit. Major trades in Bitcoin and Ethereum attracted considerable attention, highlighting significant market activity and on-chain transactions.
Garrett Jin, identified as the prominent figure behind the “1011 Short-Selling Insider,” liquidated long positions in Bitcoin and Ethereum, achieving a profit of $1.556 million. Industry observers closely monitor the market impacts of these major trades.
Significant Moves in the Crypto Market
Large-scale trades conducted by the “1011 Short-Selling Insider” resulted in substantial profits from Bitcoin and Ethereum after liquidation. On-chain analysis revealed massive movements, contributing to a realized profit of $1.556 million.
Background and Market Implications
Garrett Jin, associated with large crypto moves, previously held positions such as Director of Operations at Huobi. His actions sparked considerable market speculation, although no official statement was provided by Jin himself.
Market reactions saw significant volatility in BTC and ETH prices, following the closure of Jin’s positions. Observers regard these trades as potential catalysts for wide market impacts, particularly in DeFi sectors.
This insider activity underscores the influence of individual actors on crypto markets. ZachXBT, an on-chain investigator, stated, “You clearly stated in your post that the Bitcoin whale was Garrett Jin, and now you are replying to me saying that these BTC must have come from multiple entities.”
Such trading behavior aligns with historical trends involving crypto whales, reflecting existing concerns over market manipulation risks. Increased scrutiny may lead to regulatory actions aimed at ensuring market stability.
Without official confirmation from regulators, the on-chain detective work continues, aiming to verify the origins of these transactions. Potential regulatory outcomes remain uncertain while markets adjust to Jin’s significant moves.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum News Update: Major Ethereum Holders Invest $1.37B During Market Dip, Indicating Potential Rise to $10K
- Ethereum whales spent $1.37B buying 394,682 ETH during November 2025's 12% price drop, signaling strong bullish conviction. - Aave whale leveraged $270M loans to acquire 257,543 ETH ($896M), using a high-leverage borrowing-swapping cycle to expand holdings. - Institutional buyers like Bitmine Immersion added $139.6M ETH, joining coordinated accumulation as exchange reserves hit 2016 lows. - Market fundamentals show negative MVRV readings and $3,400 ETH stabilization, with analysts projecting $4,800–$10,0
UAE Executes Its Inaugural Digital Dirham Transaction: A Key Step Toward Shaping the Worldwide Digital Economy
- UAE executed first government transaction using Digital Dirham CBDC via mBridge platform in under two minutes. - The pilot involved Dubai Finance and Ministry of Finance, demonstrating blockchain-driven efficiency in public sector payments. - mBridge collaboration includes BIS, CBUAE, and regional partners, with Saudi Arabia joining in 2024 to expand cross-border capabilities. - UAE leaders called the initiative a "strategic pillar" for digital economy growth, aligning with global financial modernization
Visa’s Stablecoin Express Lane: Seamless, Real-Time Global Payments for Freelancers
- Visa launches stablecoin pilot for instant global payouts to gig workers, bypassing traditional banking infrastructure. - Program uses USD-backed stablecoins to address currency volatility and limited banking access in underbanked regions. - Initiative aligns with blockchain integration strategy, supported by regulatory clarity from the GENIUS Act and Visa's tokenized asset platform. - Pilot complements Visa's legal settlement negotiations with merchants and positions the company to maintain leadership i
Bitcoin Updates: Changes in Market Structure and Growing Institutional Interest Help Stabilize Bitcoin's Price Fluctuations
- Bitcoin's volatility may ease as options market maturity and institutional adoption reshape market dynamics. - Options open interest ($40B) now exceeds futures, signaling sophisticated hedging and reduced price swings. - JPMorgan's 64% IBIT holdings and Trump Media's 11,500 BTC reserve highlight growing institutional confidence. - Analysts project $170,000 BTC price potential but note lingering volatility amid mixed ETF flows and macroeconomic risks.
