Garrett Jin Is Sitting on a $15M Paper Loss... But He Clearly Isn't Panicking😀.
Garrett Jin is staring at an unrealized loss of more than $15 million and somehow decided the solution was... to buy more. His biggest position is still a massive $BTC long, where he's holding 1,268.33 BTC with a position value of roughly $81.8 million. The trade was opened around $76,117, and at current prices it's showing a paper loss of about $14.7 million.
Then there's the $ZEC bet. He's currently long 46,013 ZEC, and despite already being down roughly $830,000 on the position, he added more exposure earlier this morning.
Yep, while most people would be looking for an exit strategy, Garrett was increasing size.
That pushed his total exposure across #BTC and #ZEC to more than $100 million. Whether that's confidence or stubbornness depends on who you ask.
The interesting thing is that Garrett has never really traded like someone worried about short-term pain. Time and time again, he's shown a willingness to sit through huge swings if he believes the bigger move is still ahead. Right now, the market is testing that conviction. A $15 million drawdown would shake almost anyone.
Garrett's response is Add to the position and keep holding.
Address: 0x92ea19ECeB7a8dE0f50978A1583A5D8b018050e9
