Lookonchain
Whale address tracked as Garrett Jin (BitcoinOG1011short) deposited 108,169 ETH (~$250.17M) into Binance over the past hour, the latest leg of a three-day selling pattern that has now moved 352,268 ETH (~$824M) onto the exchange.
Why it matters
The deposit cadence is the signal. Moving 108K ETH to Binance in a single hour, on top of 244,099 ETH already deposited over the prior two days, is consistent with sell pressure rather than rotation — deposits of this size typically precede market sell orders on the venue, not cold-storage returns. The wallet still holds 225,449 ETH (~$520M), so the seller has runway left.
Market impact
ETH spot price action around Binance order books will be the immediate read. A continuation of this pace would push total three-day deposits past $1B before the week closes, a level that historically forces thinner liquidity on the bid side and pressures ETH/BTC relative value. Watch Binance netflows over the next 24 hours — a fourth consecutive day of nine-figure deposits would confirm distribution rather than a one-off rebalance.
Frequently asked questions
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Who is Garrett Jin and why is his wallet tracked?
Garrett Jin is a pseudonymous crypto trader whose address has been tagged BitcoinOG1011short on-chain. Large ETH movements from this wallet are tracked because the size and frequency of deposits consistently precede measurable sell pressure on Binance.
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How much ETH has Garrett Jin deposited to Binance in the past 3 days?
He has deposited 352,268 ETH (~$824M) into Binance over the past three days, with 108,169 ETH (~$250.17M) moved in the most recent hour alone.
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How much ETH does Garrett Jin still hold?
The wallet still holds 225,449 ETH, valued at roughly $520M at current prices, meaning the selling flow is in progress rather than complete.
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What does large ETH inflow to Binance typically signal?
Sustained nine-figure ETH deposits to Binance generally precede market sell orders rather than cold-storage returns, because Binance is the primary spot venue where the deposits are converted to stablecoins or paired against bids.
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What would confirm the distribution thesis?
A fourth consecutive day of nine-figure ETH deposits from this address into Binance would confirm distribution rather than a one-off rebalance, pushing the three-day total past $1B and likely pressuring ETH/BTC relative value.
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