Garrett Jin, identified by Arkham as the agent for the "1011 insider whale" and described as the BitForex founder accused of profiting from insider trading ahead of last October's largest-ever forced liquidation event, opened a roughly $100 million Bitcoin long at an average entry price of $76,117. Arkham's on-chain data showed the position was sitting on a $16 million unrealized loss and had incurred about $1.2 million in funding fees, illustrating the cost of holding a leveraged derivatives bet as bitcoin trades under pressure. The insider-trading allegations tied to the October liquidation event have not been proven in court, but the trade adds to scrutiny around exchange executives' market activity and the transparency of crypto platforms.