Garrett Jin who famously shorted 900 Million on October 10th entered a massive Long trade over a few days last week.
His biggest position by far is a 200k ETH Long.
He entered it last friday by placing about 700 Limit orders of 300 ETH each from about 3250 down to 3000 originally then adding 20'000 down to about 2900$.
His full fill including BTC and SOL means he expected a drawdown of at least 30 Million Dollars.
Interestingly as u/MasterpieceLoud4931 shared he recently tweeted again sharing his views.
He's generally been not so active on X before except after October 10th.
https://x.com/GarrettBullish/status/2001892822459572520
Garrett's Company owns billions in ETH and BTC.
Current Positions
ETH
Size: 203,340.6489
Average Entry price: 3,147.3900
Current Position Value: 627 Million Dollars
Unrealized PnL: -17 Million Dollars
BTC:
Size: 1000
Average Entry price: 91,506
Current Position Value: 90.2 Million Dollars
Unrealized PnL: $-1,261,767.29
SOL:
Size: 301,612.85
Average Entry price: 135.2032
Current Position Value: 38.2 Million Dollars
Unrealized PnL: 2,492,298.64
He earned about 2 Million in Funding fees this past week.
No take profit orders set.
No further buy orders, everything filled.
Last filled orders were SOL at aroud 123-124 Dollars.
Margin utilization 70%, total Account Value 207 Million dollars.
Available balance: 60.75 Million Dollars.
Details and History:
https://wangr.com/watch/0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae
Whale Garrett Jin is now within 2% of break even, currently still 21 Million $ Down on his 700+ Million Long
byu/obolli inethtrader
Posted by obolli