Garrett Jin appears to have reduced a Bitcoin long on Hyperliquid by 276 BTC, worth about $21.5 million, from a position previously valued at $147 million. He now holds 1,592 BTC worth about $123.9 million, with approximately $1.18 million in unrealized profit but an estimated overall loss after $1.94 million in cumulative funding fees. The position has been held for more than three months. Jin has faced allegations of profiting from insider trading ahead of last October's record forced-liquidation event, though the latest update does not establish such misconduct. An earlier record, citing Lookonchain and Odaily Planet Daily, said the partial closure generated a realized profit of $210,000; the latest Hupzy update does not restate that figure. Market participants are watching whether Jin reduces the position further.