"1011 Insider Whale" Garrett Jin's long position of approximately $693 million is still at a floating loss of $42.55 million

PANews, December 19 — According to a summary by @ai_9684xtpa, Garrett, a suspected trader holding 200,000 ETH in a long position, posted again today, expressing optimism about BTC and ETH entering an upward trend, with the first target prices set at BTC $106,000 and ETH $4,500. He analyzed that macro bearish factors are weakening, there is no systemic risk in the US stock market, and ETH is expected to outperform the Nasdaq 100 in the coming months. Currently, his total long position, valued at approximately $693 million, is still at a floating loss of $42.55 million, with the ETH entry price at $3,147.39 and BTC at $91,506.7.