Garrett Jin closes 3x leveraged ZEC short, keeps 1,268.33487 BTC long

Hyperbot data cited by Odaily said the trader, described as an agent of the “1011 insider whale,” is still holding a 5x leveraged Bitcoin position with a $40,951 liquidation price.

BTC
ZEC

Summary

Garrett Jin, described by Odaily as an agent of the “1011 insider whale,” has fully exited a previously opened 3x leveraged ZEC short after ZEC rebounded, based on Hyperbot data. The trader still holds a 5x leveraged Bitcoin long worth 1,268.33487 BTC. That position carries a liquidation price of $40,951, with an overall floating loss of $17.925 million and ROI of -114.01%. Leveraged long and short trades use borrowed exposure to amplify gains and losses, making liquidation levels a key risk marker when markets move sharply.

Terms & Concepts
  • ZEC short: A bearish bet against ZEC's price.
  • liquidation price: Price level where a leveraged position is forced closed.
  • ROI: Return on investment, measuring profit or loss.