Garrett Jin has started taking profit on a 1,868 BTC long position valued at about $147 million, closing 276 BTC worth roughly $21.5 million for a realized profit of $210,000. He still holds 1,592 BTC, valued at about $123.92 million, with $1.18 million in unrealized gains.
Despite the profitable partial exit, the position remains underwater overall. After holding the long for more than three months, Garrett Jin has paid $1.94 million in funding fees, leaving him net negative on the trade so far.
Garrett Jin Partially Exits $147M Bitcoin Long but Remains Net Down After Funding Costs
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