Garrett Jin, a prominent crypto trader commonly known as Bitcoin OG “1011short,” withdrew 80,000 Ethereum worth approximately $168 million from Binance on Thursday, according to on-chain data.
The transfers took place during a market-wide selloff that pushed most crypto assets lower, with Bitcoin falling below $71,000 and Ethereum dropping under $2,100. The total crypto market capitalization shed 6% to $2.4 trillion, per CoinGecko.
The move signals a renewed interest in buying Ethereum, as Jin recently deposited a large Ethereum holding into Binance starting in late 2025, according to Lookonchain. Large transfers to exchanges are often seen as potential selling signals.
Jin has gained widespread attention for his on-chain moves during periods of extreme volatility. He is best known for a $735 million Bitcoin short on Hyperliquid that netted an estimated $160 million in profit just minutes before a massive market crash triggered by President Trump’s October 2025 tariff announcement.
The trader’s wallet shows that he still holds over 30,600 BTC worth over $2 billion.
Source: https://cryptobriefing.com/bitcoin-og-massive-eth-withdrawal-binance/
