Analysis: If Garrett Jin had refused to trade ETH, he could have realized a profit of over $70 million. However, his current loss has now amounted to $128 million.

BlockBeats News, May 25th, on-chain data platform Bubblemaps disclosed that the "10/10 Whale" associated with Garrett Jin had previously made a huge profit of $100 million by shorting BTC, but later suffered a massive loss of $200 million by heavily longing ETH.

The latest data shows that a newly associated address "0x92ea" recently bought $10 million worth of HYPE and opened a $38 million ZEC short position.

Currently, the account's unrealized P&L is as follows:

• Long position on HYPE with a profit of approximately $900,000

• Short position on ZEC with a loss of approximately $1.8 million

Earlier, Bubblemaps pointed out that at the end of last year, the whale had also established a $735 million BTC short position and transferred $220 million to Binance, sparking market speculation about whether it would initiate a "second round of shorting."