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The crypto assets market has recently seen a remarkable mysterious Whale, holding over 100,000 Bitcoins, with an astonishing value. This investor's recent series of operations has attracted widespread attention in the market.
According to observations, the Whale conducted large-scale transactions through the Hyperliquid/Hyperunit platform. He sold Bitcoin worth over $4.23 billion, while simultaneously buying a large amount of Ethereum. Even more surprisingly, he also established a $735 million short position in Bitcoin on the same platform.
In-depth investigations show that during August and September, this investor sold more than 35,000 Bitcoins through the spot and perpetual contract markets of Hyperliquid/Hyperunit, converting the proceeds into Ethereum. This series of transactions involved multiple Bitcoin wallet addresses.
There are signs that this mysterious Whale may be related to an address named garrettjin.eth, which points to the social media user @GarrettBullish. According to public information, Garrett Jin graduated from Boston University with a degree in Economics and has worked in various industries, including banking, trade, and Crypto Assets exchanges.
Currently, it is estimated that Garrett still holds 46,295 Bitcoins, valued at approximately 5.19 billion USD at current market prices. This massive holding and recent large-scale trading activities have triggered high market interest in his future movements.
This event once again highlights the high volatility of the Crypto Assets market and the potential impact of large holder behavior on market trends. Investors are closely watching the next move of this mysterious Whale and the possible effects of these transactions on Bitcoin and Ethereum prices.