Trader Garrett Jin Expands 5x Bitcoin Long to 1,268 BTC Worth $94 Million

According to Lookonchain and Onchain Lens, Garrett Jin expanded his Hyperliquid Bitcoin long while maintaining a ZEC short against Evaded’s opposing Bitcoin short and ZEC long, widening the gap in their unrealized results.

BTC

HYPE

ZEC

32d ago

Fact Check

Multiple independent sources confirm the claim. The Lookonchain X post documents Evaded's 40x BTC short ($40.32M) and ZEC long. Analyst Ai_9684xtpa's X post (relayed by PANews) explicitly identifies Evaded and Garrett (@GarrettBullish) as Hyperliquid counterparties with mirrored BTC and ZEC positions of roughly $40M scale, matching the claim. Odaily and PANews newsflashes corroborate the figures.

Summary

Hyperliquid traders Evaded and Garrett Jin were reported holding opposing leveraged positions in Bitcoin and ZEC, with Garrett later increasing his 5x Bitcoin long to 1,268 BTC worth $94 million while keeping a 3x ZEC short, according to Onchain Lens. Earlier reports cited Evaded with a 525.34 BTC Bitcoin short at roughly $40.26 million to $40.32 million and a 53,500 ZEC long valued between $32.67 million and $33.30 million, with unrealized losses variously reported at more than $1.48 million, $1.87 million, and $2.2 million overall. Garrett had earlier been reported holding a 5x Bitcoin long worth $38.68 million and a 3x ZEC short worth $35.14 million, with a $450,000 unrealized gain, before Onchain Lens later said his combined unrealized profit had risen above $2.57 million after the Bitcoin position expansion.

Terms & Concepts

Leverage: Borrowed exposure that lets traders control larger positions with less capital, magnifying both gains and losses.
Short position: A trade that profits if an asset’s price falls, but loses money if the price rises.
Unrealized profit: A paper gain on an open position that has not been locked in because the trade has not yet been closed.