Garrett Jin: Closes BTC Long, Opens $43M Short

Garrett Jin entity closed its $112 million BTC long at $84,455 for an $8.38 million gain before flipping to a 500 BTC short at $85,994 on Hyperliquid.

Price action shows BTC trading inside the Bollinger band at $85,789.79 with EMA50 support at $80,362.86 and EMA200 at $76,052.38; RSI at 77.49 flags overbought conditions while price tests upper band resistance at $86,720.12, pointing to a probable retracement toward the 50-EMA before any further upside continuation in this bullish structure.