TechFlow news: On May 21, according to on-chain analytics platform Lookonchain (@lookonchain), whale Garrett Jin re-entered the market with a long position on BTC. He first deposited $39.5 million in USDC to Binance, then withdrew $40 million in USDC from Binance via a new wallet (0x92ea). Of this amount, he deposited $10 million in USDC into Hyperliquid to open a long BTC position of 504.4 BTC at 5x leverage—valued at approximately $59.11 million. At the time, the BTC price was around $77,596, with a liquidation price of $62,656. Additionally, he simultaneously purchased 42,524 HYPE tokens, valued at approximately $2.33 million.
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