Garrett Jin: Opens $735M Short Against BTC

Garrett Jin faces brutal results after his $ETH exposure turned a potential +$70M profit into an all-time PNL of -$128M, and the infamous BTC shorter just borrowed another $220M to send to Binance for round two on a $735M position against BTC.

Price action shows BTC at $77390.09 inside the Bollinger Bands with EMA50 at $77252.73 and EMA200 at $77319.62 providing layered support while MACD golden cross at 65.77 keeps the bullish structure intact and RSI at 55.75 stays neutral, so any test of upper band resistance at $78220.55 likely pulls back to the 50-EMA before continuation as traders weigh this fresh short against BTC price prediction models and crypto market crash scenarios.