Jin Unloads $87.5M in ETH Amid Bitcoin Focus

Garrett Jin, a well-known crypto trader, has made significant waves in the market by selling 35,001 Ethereum (ETH) for $87.5 million at a price of $2,500 each on September 18, 2026. This substantial sale, noted by Twitter commentator @lookonchain, suggests that Jin is strategically pivoting to a new position.

Jin's decision to sell his ETH holdings comes amid broader market observations where Ethereum has shown a lag in momentum compared to Bitcoin (BTC). Analysts have pointed out that shifts in trader focus from ETH to BTC could reflect changing market dynamics, particularly as BTC remains at critical price levels. With no recorded trading volume for Ethereum following this event, the market appears cautious.

Jin's move may indicate a shift in sentiment among traders, emphasizing Bitcoin's current appeal over Ethereum as a trading asset. Traders should keep a close eye on Bitcoin's price stability, as any significant movements could influence Ethereum's market trajectory.