Garrett Jin sold 35,000 ETH to add margin for his ZEC short position, pushing the liquidation price up to $4,738.
2 hours ago
According to EmberCN's monitoring, addresses linked to Garrett Jin — described as the agent of a "BTC OG insider whale" — sold all 35,000 ETH (valued at approximately $87.5 million) withdrawn from Binance last night at $2,500 per unit 10 minutes ago. The proceeds were used to add margin to his ZEC short position, which has an unrealized loss of roughly $30 million, lifting the liquidation price of his ZEC short from $2,631 to $4,738. According to TradingBeats' monitoring, as ZEC approaches $1,500, addresses linked to Garrett Jin — Hyperliquid's largest ZEC short seller — currently hold a short position worth $56 million, with an entry price of $665.85.
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