Garrett Jin sold 35,000 ETH to top up margin for his ZEC short position, raising the liquidation price to $4,738.

BlockBeats news, September 18 — According to EmberCN monitoring, an address associated with Garrett Jin, the agent of the "BTC OG Insider Whale," sold all 35,000 ETH (approximately $87.5 million) withdrawn from Binance last night at a price of $2,500 just 10 minutes ago. The proceeds were used to add margin to a ZEC short position currently sitting on an unrealized loss of approximately $30 million, raising the liquidation price of the ZEC short from $2,631 to $4,738.

According to TradingBeats monitoring, as ZEC approaches $1,500, the address associated with Garrett Jin, as the largest ZEC short on Hyperliquid, currently holds a short position valued at $56 million with an entry price of $665.85. In addition, Garrett Jin is expected to open a 3x long position on 2,472.96 BTC at $78,000, which would be worth $192 million if fully filled.