Garrett Jin keeps 1,270 BTC long after $420,000 ZEC gain and $310,000 UNI loss

The trader closed a 50,000 ZEC long at an estimated profit and exited a 580,000 UNI long at a loss, while still holding a Bitcoin long worth about $80 million with unrealized losses of roughly $16.65 million.

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Summary

Garrett Jin-linked trading activity showed two closed altcoin longs with opposite outcomes, while a much larger Bitcoin bet remained open. Ember monitoring said the "1011 insider whale" linked to Garrett Jin closed a 50,000 ZEC long worth about $22.38 million for an estimated $420,000 profit and a 580,000 UNI long worth about $1.76 million for an estimated $310,000 loss. The whale still holds a 1,270 BTC long opened in May at $76,117, with the position worth about $80 million and its unrealized loss widened to about $16.65 million. The update illustrates how traders can lock in gains and losses on smaller positions while maintaining a larger directional exposure to Bitcoin.

Terms & Concepts
  • long: A position that profits if the price of an asset rises.
  • unrealized loss: A paper loss on an open position that has not been closed yet.
  • directional exposure: A market position that reflects a trader's bet on whether prices will move up or down.