Garrett Jin: Sells ETH for BNB | Flash News Detail | Blockchain.News
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5/14/2026 11:48:00 PM

Garrett Jin: Sells ETH for BNB

Garrett Jin: Sells ETH for BNB

Garrett Jin withdraws 71,066 BNB worth $48.47M from Binance, shifting from ETH amid bullish BNB trends and whale activity.

Source

Analysis

Whale trader Garrett Jin, known as #BitcoinOG1011short, dumps $ETH holdings to stack up on $BNB, pulling out 71,066 $BNB valued at $48.47M from Binance in just seven hours. This move underscores growing confidence in BNB's ecosystem, especially as Bitcoin (BTC) stabilizes post its recent volatility, aligning with broader crypto market trends where savvy players pivot to high-utility chains amid whispers of a potential BNB price surge.

On the 4h chart, BNB commands a bullish posture at $683.67, riding above both the EMA50 at $660.22 and EMA200 at $635.44, which act as rock-solid support zones for any dips. MACD flashes a golden cross with a reading of 6.6, signaling sustained upward momentum, while RSI at 63.31 stays neutral but edges toward overbought territory—watch for confluence here as price probes the upper Bollinger Band resistance at $688.72, hinting at a quick pullback to the lower band support around $653.48 before resuming the grind higher, perfect setup for institutional entries chasing that BNB price prediction upside in this macro crypto rally.


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