Data: Garrett Jin closed a position with a profit of 1.02 million USD on a BTC long position of 107 million USD, while his ZEC short position has an unrealized loss of 24 million USD

According to on-chain analyst Yu Jin's monitoring, BTC OG insider whale agent Garrett Jin has just closed a long position in BTC worth approximately 107 million USD, totaling 1,331 BTC. This position was held for about three and a half months, ultimately realizing a profit of around 1.02 million USD. Currently, his account only has a large short position in ZEC, holding approximately 39,760 ZEC, with a nominal value of about 47 million USD, and an unrealized loss of about 24 million USD.

Previous data showed that Garrett Jin's short position in ZEC has been continuously suffering from significant unrealized losses. Notably, Garrett Jin had earlier added to his heavily losing short position in ZEC, and then completely closed out his long position in BTC that was in profit.

Yu Jin humorously remarked that this kind of operation is quite similar to ordinary investors: quickly selling profitable positions while stubbornly holding onto losing positions and continuously adding to them.