Deep dive into the truth! High-profile swap of over 35,000 BTC for ETH, and right before the 1011 flash crash, they placed a massive short of over $1.1 billion, raking in over $80 million in just 24 hours—now, the mastermind behind this could be getting tracked down.
This morning, analyst @eyeonchains pointed the finger at Garrett Bullish, but the most accurate description right now remains: highly suspicious, not yet fully confirmed.
The trail is pretty straightforward: the 570,000 ETH obtained from the swap has been deposited into the Ethereum beacon chain deposit contract; the source of these funds and the first interaction points to ereignis.eth; and the address that opened the short before the crash had also interacted with this ENS two weeks prior. Digging further, another domain linked to ereignis.eth, garrettjin.eth, also points to corresponding public identity clues.
What’s really worth noting isn't “finding out who it is,” but rather how one person, holding massive spot, on-chain swap capabilities, and shorting rhythm, can impact the market—not just through trading, but through narrative itself.
However, strong on-chain connections do not equate to legal confirmation. Between addresses, domains, and public identities, there remain risks of proxies, sharing, and misleading information.
If this speculation is ultimately confirmed, do you think this level of whale is more like a top-tier trader or has begun affecting market fairness? $BTC
This morning, analyst @eyeonchains pointed the finger at Garrett Bullish, but the most accurate description right now remains: highly suspicious, not yet fully confirmed.
The trail is pretty straightforward: the 570,000 ETH obtained from the swap has been deposited into the Ethereum beacon chain deposit contract; the source of these funds and the first interaction points to ereignis.eth; and the address that opened the short before the crash had also interacted with this ENS two weeks prior. Digging further, another domain linked to ereignis.eth, garrettjin.eth, also points to corresponding public identity clues.
What’s really worth noting isn't “finding out who it is,” but rather how one person, holding massive spot, on-chain swap capabilities, and shorting rhythm, can impact the market—not just through trading, but through narrative itself.
However, strong on-chain connections do not equate to legal confirmation. Between addresses, domains, and public identities, there remain risks of proxies, sharing, and misleading information.
If this speculation is ultimately confirmed, do you think this level of whale is more like a top-tier trader or has begun affecting market fairness? $BTC