Garrett Jin: Closes 500 BTC Short for $81.7K

Garrett Jin closed his entire 500 BTC short position valued at $43.23M and realized an $81.7K profit, per Lookonchain data.

Price action on the 4h chart places BTC at $85521.06 inside a bullish trend with EMA50 support at $80352.33 and EMA200 at $76049.71 while MACD holds a golden cross at 1886.37. With RSI(14) at 74.91 flashing overbought near upper Bollinger resistance of $86663.46, a healthy retracement toward the 50-EMA appears probable before continuation.

This move aligns with ongoing BTC price prediction debates and Bitcoin volatility analysis amid elevated crypto derivatives trading volumes.