Garrett Jin: Buys $48M BNB

Bitcoin OG Garrett Jin, known as the 10/11 entity, just loaded up on 71,066 BNB valued at $48.22M directly from Binance, following massive deposits of 577,896 ETH worth $1.35B over the past two weeks. Onchain data reveals he's liquidated roughly 50% of that ETH haul, with three fresh wallets pulling out $700M in USDT from the exchange during the same four-day window, hinting at strategic rotations into assets like BTC amid ongoing crypto whale movements.

ETH Whale Activity Sparks Market Speculation

This flurry aligns with broader crypto market crash fears, as Garrett's maneuvers echo patterns seen in the last six months where big players shifted from ETH to stablecoins during volatility spikes, potentially eyeing Bitcoin rebounds or even emerging plays like TAO for diversified exposure.

Technical Confluence on ETH 4H Chart

Zooming into the ETH 4-hour chart, price action at $2259.3 grinds through a bearish structure, pinned below the EMA50 resistance at $2298.51 and EMA200 at $2274.36, which act as formidable overhead barriers capping any upside probes. Yet MACD flashes a bullish golden cross at -11.44, clashing with neutral RSI at 42.98 that screams indecision, while the asset hugs the middle of Bollinger Bands—upper resistance at $2316.56 looms as an exhaustion point for buyers, but a dip toward lower support at $2233.37 could trigger confluence with EMA200 for a sharper rebound if whales like Garrett keep rotating capital, setting up a classic test of ETH price prediction models in this choppy regime.