Data: Whale entity represented by Garrett Jin reports significant losses after $10 billion BTC position

According to EmberCN, a whale entity represented by Garrett Jin, which previously held 100,800 BTC acquired at an average price of $7,242, has faced substantial losses over the past year. The entity sold approximately 89,000 BTC to purchase 900,000 ETH at an average cost exceeding $3,500, with much of the ETH later transferred to Binance (币安). In February 2026, a $670 million ETH long position on Hyperliquid was liquidated, resulting in a $230 million loss. Additionally, the entity was linked to a $734 million loss on a leveraged ETH position by Trend Research. The entity also accumulated 289.6 million 'Binance Life' tokens and suffered a $50.39 million loss due to extreme slippage during an aEthUSDT to aEthAAVE conversion in March. Since July, the entity has been shorting ZEC on Hyperliquid, currently facing a floating loss of approximately $34 million.