Garrett Jin: Closes $107M BTC Long Position

Garrett Jin entity just closed its $107 million BTC long of 1,331 coins on Hyperliquid after holding for three and a half months, locking in $1.02 million profit.

The move leaves only the underwater ZEC short of 39,760 coins valued at $47 million with $24 million in unrealized losses, after the trader added to the position earlier in the day.

On the 4h chart BTC trades at $79,073.89 inside the Bollinger band with upper resistance at $80,658.08 and lower support at $78,912.68; price sits above the EMA50 at $79,050.34 yet the MACD death cross at 87.22 signals fading momentum while RSI at 44.66 stays neutral, suggesting any test of upper band resistance could trigger a quick retracement toward the EMA50 before the next directional push.