TechFlow news, on October 14, Garrett Jin posted on social media stating, "Clients hold large amounts of spot cryptocurrency. Short positions are merely partial hedges. If liquidity is sufficient, we can establish more positions. We are bullish in the long term, but that doesn't mean we won't hedge in the short term. If short positions are criticized when prices fall, should long positions be blamed when shorts are closed out during price increases?"
Previous report, the high-profile BTC whale who recently swapped into ETH has further increased BTC short positions to 4,348.74 BTC, worth $492 million, with analysts suggesting this whale points to former exchange executive Garrett Jin.
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