According to BlockBeats, on September 7th, EmberCN monitoring revealed that Garrett Jin, an agent of the "BTC OG insider whale," just closed out a long BTC position worth approximately $107 million, totaling 1331 BTC. This position was held for about three and a half months, ultimately realizing a profit of approximately $1.02 million.
Currently, his account only holds a large short position in ZEC, with approximately 39,760 ZEC tokens, a notional value of about $47 million, and an unrealized loss of about $24 million. Previous data showed that Garrett Jin's ZEC short position had been consistently incurring substantial unrealized losses.
It's worth noting that Garrett Jin earlier today added to his heavily losing ZEC short positions, and then closed all his profitable BTC long positions. Yu Jin jokingly commented that this behavior is quite similar to that of ordinary investors: quickly sell profitable positions, while stubbornly holding onto losing positions and constantly adding to them.