Tracked an intense player on-chain: entities associated with Garrett Jin withdrew 35,000 ETH (about $85.11 million) from Binance and moved it into Hyperliquid.
The money hasn’t moved yet, but the intention is telling—this group has been shuttling back and forth between being long ETH and short ZEC.
Withdrawing to increase HL positions is likely to open shorts or to reallocate margin; after the prior spike in ZEC, someone seems to be eyeing the opposite direction.
The next step for this whale is worth watching more than any candlestick.
$ZEC $ETH $BTC
The money hasn’t moved yet, but the intention is telling—this group has been shuttling back and forth between being long ETH and short ZEC.
Withdrawing to increase HL positions is likely to open shorts or to reallocate margin; after the prior spike in ZEC, someone seems to be eyeing the opposite direction.
The next step for this whale is worth watching more than any candlestick.
$ZEC $ETH $BTC