Garrett Jin, who is suspected of profiting from insider trading just before the largest forced liquidation event in history last October, appears to have partially closed out his BTC long position, which he had maintained for over three months on Hyperliquid. According to on-chain analytics firm Hupzy (formerly Spot On Chain), he reduced his existing $147 million position by 276 BTC (approximately $21.5 million) and currently maintains a long position of 1,592 BTC (approximately $123.9 million). While the unrealized profit for this position is approximately $1.18 million, the cumulative funding fee amounts to $1.94 million, suggesting that the position is currently at a loss when considering this. The market is closely watching for any further reduction in his position.
