Prominent crypto trader Garrett, known for a $101 million profit from a single trade and a subsequent $230 million liquidation, has issued a pessimistic forecast for the market, suggesting a prolonged downturn not limited to the crypto sector. Garrett's decision to abandon a $630 million long position, with Ethereum's liquidation price at $2,262.7, appears justified as Ethereum's current price stands at $1,817. This move highlights the potential for even greater losses had he held the position.