Garrett Jin Closes $107 Million BTC Long Position for $1.02 Million Profit

On-chain analyst Ember reports that Garrett Jin has closed a BTC long position worth approximately $107 million (1,331 BTC), resulting in a profit of $1.02 million after holding for three and a half months. His account currently holds a large ZEC short position of 39,760 ZEC, with a nominal value of $47 million and an unrealized loss of $24 million. Despite the significant losses on the ZEC position, Jin recently added to the short position while liquidating his profitable BTC long position.