Garrett Jin Unloads $87.5M in ETH, Bets Big on Bitcoin

Garrett Jin, an investor, has made significant moves in the crypto market. On September 18th, he sold 35,001 ETH on Hyperliquid for $87.5 million at a price of $2,500.

This transaction was notable as Jin withdrew the assets from Binance and deposited them into Hyperliquid before selling them.

Following this sale, Jin opened a 3x long position on BTC, indicating his bullish sentiment on the asset.

The current price of ETH is at $2,514.44, which has been testing the upper resistance level of the Bollinger Bands.

A golden cross in the MACD indicator further supports the bullish momentum, while the RSI reading of 62 suggests that there may be room for a retracement before ETH reaches support at $2,467.51.