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Bitcoin whale Garrett Jin sends $761 million in BTC to Binance

Bitcoin whale Garrett Jin sends $761 million in BTC to Binance

The trader sent $336 million in Bitcoin to Binance earlier today.

by Vivian Nguyen

1 min read

In Finance

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Bitcoin (BTC) price

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Market cap
$1.6T
24h volume
$23.8B
Circulating supply
20.1M BTC

CoinGecko data as of Oct 28, 5:15 AM EDT.

A crypto wallet tied to prominent trader Garrett Jin deposited 6,318 Bitcoin, worth roughly $425 million, to Binance in the past few minutes, continuing a series of large transfers that have drawn attention from blockchain analysts, according to data from Arkham Intelligence.

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Earlier today, the address sent about $336 million worth of Bitcoin to Binance. In total, 11,318 coins valued at $761 million have now been transferred to the crypto exchange.

Jin, a pseudonymous trader also known as Garrett Bullish, who previously served as chief executive of the now-defunct BitForex exchange, is best known for his trading activities, particularly a massive Bitcoin short position established minutes before a major market crash triggered by Trump’s tariff announcement in October.

He still has over 9,300 Bitcoin, worth $627 million, and over 548,000 Ether, worth over $1 billion, according to his wallet.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.