Garrett Jin: Withdraws 35K ETH to Hyperliquid

Garrett Jin withdrew 35,001 ETH worth $85M from Binance and sent the funds to Hyperliquid, raising questions whether the move funds his enlarged ZEC short position now showing $26M in unrealized losses.

The largest on-chain ZEC short holder added to the trade 11 hours ago and now maintains a 37,760 ZEC ($51.5M) short with liquidation at $2,631.53.

With ETH price at $2457.84 testing the EMA50 resistance at $2463.76 inside the Bollinger Bands while the MACD registers a bullish golden cross at -8.55 and RSI sits neutral at 51, a healthy retracement toward the EMA200 support at $2333.74 appears probable before any sustained continuation higher.