Garrett Bullish's crypto account has rebounded significantly, gaining $68 million since December 17, bringing total equity to $220.55 million. This recovery highlights aggressive trading strategies, with the account nearing breakeven on a massive $800 million long position. Despite losses in Ethereum (ETH) and Bitcoin (BTC) positions, Solana (SOL) has gained 3.1%, reflecting the high leverage and market volatility.
The account, tracked by MLM on X, has recorded $25.8 million in trading volume over the past two weeks, with a lifetime trading volume of $4.41 billion. Garrett's positions are heavily leveraged, with ETH and BTC at 5x leverage and SOL at 10x. The account's maximum drawdown reached 69.18%, underscoring the risks of high-leverage strategies. Despite equities selling off, market inflows into crypto continue, suggesting potential momentum and a possible short squeeze.
Garrett Bullish Nears Breakeven on $800M Crypto Position Amid Market Volatility
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
