Bitcoin OG Garrett Jin Sells 5,000 BTC Worth $348.82M, Withdraws $53.12M USDT

GateNewsBot
BTC1,17%

Gate News bot message, Garrett Jin (Bitcoin OG1011short) completed the sale of 5,000 BTC valued at $348.82M. Jin withdrew 53.12M USDT from CEX following the Bitcoin sale. He currently holds over 30,000 BTC worth $2.09B. Earlier on February 14, Lookonchain reported that Jin deposited another 5,000 BTC ($348.82M) into CEX as Bitcoin reclaimed $70,000.

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In the past 24 hours, the entire network's contract liquidations reached $144 million, mainly from short positions.

PANews February 14 News, CoinAnk data shows that in the past 24 hours, the total liquidations in the cryptocurrency market reached $144 million, including $38.4013 million in long positions and $105 million in short positions. The total liquidation amount for BTC was $46.0193 million, and for ETH it was $25.1881 million.

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The current mainstream CEX and DEX funding rates indicate that the market has once again shifted to a bearish outlook.

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Data: If BTC drops below $65,939, the total long liquidation strength on mainstream CEXs will reach $1.686 billion.

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GateNewsBot2h ago
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