Garrett Jin Whale Closes $8.38M Profit Trade on Hyperliquid

Garrett Jin Whale's trading entity has made another significant move in the crypto market. According to recent data, this entity closed its long position on Bitcoin (BTC) on Hyperliquid, booking an impressive profit of $8.38 million over a three-day period. The BTC was entered at $78,057 and exited at $84,455.

This is not the first notable trade made by Garrett Jin Whale in recent times. Earlier this month, the entity closed a three-month short position on ZEC that resulted in a loss of $35.44 million. Following the latest trade, the address now holds zero perpetual positions on Hyperliquid but still retains some spot holdings, including 11,570 BTC and 200,200 ZEC.

Market analysts are warning that Bitcoin may be due for a retracement to its 50-EMA support at $79,344.25 after reaching an upper Bollinger resistance at $83,689.86. However, the MACD golden cross remains intact above the 200-EMA at $75,648.19, indicating a broader structure that supports continued growth.