🚨 BITCOIN OG WHALE LIQUIDATED ENTIRELY: LONG ETH POSITION ~$900M LOST $250M IN JUST ONE NIGHT
During the strong correction last night (31/01–01/02/2026), the largest long ETH position on exchange H of Bitcoin OG was completely wiped out:
🔶 Liquidated approximately $250 million just for the long ETH order
🔶 The nominal value of the position peaked at $700–900 million, average entry ~$3,100–3,149.
🔶 From a temporary profit of +$125 million, the account flipped to a loss of -$125 million before being entirely liquidated, leaving only $53 in the wallet.
Linked identity:
On-chain analysis from Arkham, Lookonchain, and reputable sources indicates that this address is associated with Garrett Jin (former CEO of BitForex, ENS: garrettjin.eth). Jin denies direct ownership and claims this is a customer account.
Market impact:
The removal of such a large over-leveraged position could significantly reduce short-term selling pressure, contributing to a more sustainable recovery after the deleveraging period.
Using high leverage in an unfavorable macro environment is an extremely serious risk.
DYOR & NFA – Always manage risks strictly. #liquidation #CryptoWhale #BinanceSquare
