Garrett Jin: Adds 600 BTC Longs at $79,000

Garrett Jin whale entity added 600 BTC longs at $79,000 worth $47.4 million after Bitcoin pulled back from $80,000. The address now holds 1,868 BTC longs at $77,090 average price for $147 million notional and $2.78 million unrealized profit after three months of positions that peaked at $23 million drawdown in early July.

The same entity maintains 32,700 ZEC shorts opened at $444 average for $25.28 million notional now showing $10.74 million unrealized loss. Prior ZEC shorts delivered $11.24 million profit in May and $420,000 profit on a later long.

BTC trades at $78,814.62 inside the Bollinger Bands with upper resistance at $80,546.84. Price tests that upper band while RSI at 60.47 stays neutral and MACD prints a death cross at 1,361.64. The 50-EMA at $74,603.95 and 200-EMA at $68,126.67 act as layered support. A healthy retracement toward the 50-EMA support at $74,603.95 appears probable before continuation higher.