Garrett Jin: Trims ZEC UNI Longs Holds BTC
Garrett Jin closed 50k ZEC longs for $420k profit and 580k UNI longs for $310k loss while retaining 1270 BTC position opened at $76117 now showing $16.65M unrealized loss.
SourceAnalysis
Garrett Jin entity closed its smaller ZEC and UNI long positions on Hyperliquid while maintaining the dominant BTC long opened in May at $76117, now carrying $16.65M in unrealized losses on 1270 contracts valued at roughly $80M notional. The trader booked $420k profit on 50k ZEC and absorbed a $310k loss on 580k UNI. At the current BTC price of $62940.49 the position sits deep underwater. With price testing lower Bollinger support at $62263.51 while RSI at 37.48 prints neutral and MACD death cross at -517.03 locks in bearish structure beneath EMA50 resistance of $64495.31, the oversized long faces sustained downside pressure before any mean-reversion attempt toward the upper band at $67464.08.
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