Garrett Jin held his 600+ (now 800+) Million Long through a negative 80 Million Drawdown and is now ~10 Million in the green again

Of course people still mostly think that he's an insider, and X is full of posts linking him or even his account to Barron Trump.

I still think as mentioned in the previous posts he's actually a really good conviction (or swing) trader.

He made a post a few weeks ago after entering his position on X (thanks u/MasterpieceLoud4931) explaining his conviction:

The ETH/Nasdaq 100 ratio has repeatedly found a bottom around the 0.11 level, which coincides with RSI approaching the 30 “oversold” zone, ETH is in a bottoming range. Looking ahead, the probability of ETH outperforming the Nasdaq 100 over the coming months increases, with a ratio target in the 0.16 to 0.22 range, implying roughly 50 to 100% upside. Given ETH and Nasdaq 100 are highly correlated, large divergences are unlikely to persist. Mean reversion is inevitable, especially under scenarios such as a potential US QE restart, direct cash stimulus to households, and the broader policy backdrop where SEC Chair Atkins is accelerating the onchain migration of US equities onto Ethereum.

https://x.com/GarrettBullish/status/2001892822459572520

His largest profit and largest bet is a 203k ETH long (now around ~650 Million Notional)

He entered the full position (also 1000 BTC and 511K SOL) expecting roughly a 40 Million Drawdown.

The price went further but he held on, not closing any of his positions and as it is right now he's also not entered any Take Profit orders.

Full overview: https://wangr.com/watch/0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae

After Scalper-Maxi exited he now is again the largest BTC, SOL and ETH Position on Hyperliquid.
But open interest is increasing and he doesn't make up as much of the whole market anymore.
Still roughly 20% of all Open Interest in ETH is his position though.