Garrett Bullish: Closes 1,868 BTC Longs for $2.7M

Garrett Bullish, the 1011 whale previously liquidated for $230M, closed 1,868.33 BTC longs half an hour ago for a $2.736M profit while also taking profit on 114,000 HYPE spot from $72.5 to $86.3.

Net gains reached $2.601M after $2.071M in funding fees on the long-held position, highlighting perpetual futures funding fees impact on long-term BTC positions.

With BTC price at $78,891.21 testing the lower Bollinger support at $78,967 while EMA50 resistance holds at $79,035 and MACD shows a death cross, the exit aligns with bearish momentum as RSI at 43 keeps the structure neutral ahead of any BTC price prediction shifts.