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Crypto

$147M USDC Withdrawal Sparks Market Speculation

Guavy AI Editorial Team
Instruments
HYPE BNB USDC ZEC
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Garrett Jin, a notable figure in cryptocurrency markets, has withdrawn $147M in USDC from Hyperliquid to Binance. This move comes after accumulating trading losses of $14.7M over four months, including a significant short position on ZEC worth $35.44M and an unsuccessful long attempt of $79K.

The withdrawal of funds from Hyperliquid suggests that Jin is reassessing his investment strategy in light of recent market performance.

An analysis of the ZEC 4h chart shows a bearish trend, with indicators pointing to a possible test of the lower band at $1424.15 before any potential push towards resistance at $1638.32.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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