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Crypto

Garrett Jin's Entity Makes $147M USDC Move, Closes $8.38M Gain BTC Long

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HYPE BTC BNB USDC
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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.

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