Early Bitcoin investor Garrett Jin down over $18 million on ZEC short
AI Market Summary
On-chain data show early Bitcoin investor Garrett Jin holding ~32,760 ZEC short contracts (~$32.9M notional) with an unrealized loss of ~ $18.36M and a stated liquidation level near $2,609.8. The same address holds ~1,330 BTC long with ~ $5.15M unrealized gains, leaving net unrealized P&L around -$13.21M. The disclosure may heighten near-term attention to ZEC positioning and liquidation risk.
Impact level
● Low
Affected assets
ZEC/USDT+15.02%
AI Insight · ZEC/USDTAI Insight
● Neutral
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
ChainCatcher reported, citing Onchain Lens, that early Bitcoin investor Garrett Jin has built roughly 32,760 ZEC short positions through the address "0x92ea…050e9," with a notional value of about $32.9 million. With ZEC trading at $1,004, the position is showing an unrealized loss of around $18.36 million versus an entry price of $444, and carries an estimated liquidation price near $2,609.80. The same address is also holding about 1,330 BTC in long positions, with an unrealized gain of roughly $5.15 million. Taken together, the combined unrealized P&L stands at an estimated net loss of about $13.21 million.
