Garrett Jin's Entity Makes $147M USDC Move, Closes $8.38M Gain BTC Long
Garrett Jin's entity has made a significant move in the crypto market. According to recent data, Garrett Jin's entity withdrew $147 million USDC from Hyperliquid and transferred it to Binance.
The transfer was part of a larger strategy, as Garrett Jin's entity also closed a long position on 1,333 BTC at $78,057 for an $8.38 million gain. The price of Bitcoin currently sits at $82,295.19 inside the Bollinger Bands.
Technical analysts are paying close attention to the current market conditions. With a neutral RSI at 46.4 and a MACD death cross at 658.8, it appears that the market is in short-term consolidation mode before any fresh directional move.