Garrett Jin address increased positions by 600 BTC for $79,000, valued at approximately $47.4 million
2026-08-28 09:28:26
According to CoinMeta and market data monitoring, on the early morning of August 26th, Garrett Jin, an agent of the BTC OG insider whale, increased its position by 600 BTC lots at a price of $79,000, worth approximately $47.4 million. Garrett Jin noted that Bitcoin is approaching a supply-intensive area, with the key range still being between $80,000 and $82,500. On-chain data shows that the seven-day moving average of realized gains and losses is positive, at around $752 million, with realized profits nearing $1.1 billion and realized losses amounting to $354 million. Despite the supply above this level, spot demand is flowing in. If Bitcoin continues to close above $82,500, it will indicate that the exchange of hands among traders is complete, and the supply has been fully absorbed. On the downside, the key level is $76,600.
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Source:Internet
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