The Garrett Jin whale entity withdrew 35,000 ETH, worth about $87.5 million, from Binance the previous evening and sold the entire amount at $2,500 per ETH. After the sale, it added margin to a ZEC short position carrying an unrealized loss of $30 million. The move raised the position's liquidation price from $2,631 to $4,738, according to on-chain analyst Yu Jin, known as Ember.