Who is Garrett Jin and why does his trading matter?

Garrett Jin is a trader known for publicly tracking large on-chain wallet flows and flagging pre-rally and pre-crash moves in past cycles. His correctly-timed calls have made his on-chain reads a market signal in their own right.

How much ETH did Garrett Jin deposit to Binance?

He deposited 577,717 ETH, worth roughly $1.35 billion at the time, between May 6 and May 10 at an average price of $2,337 per ETH.

When did ETH start dropping after the deposit?

The deposit window ran May 6 to May 10, and ETH entered a free fall shortly after, shedding more than 20% from the deposit-period highs.

Why does a large exchange deposit matter for price?

Moving a large position onto a centralized venue ahead of a leg down is typically read as distribution rather than accumulation, since the ETH is now available to be sold into the order book.

Is this a sell signal for ETH right now?

The deposit confirms one correctly-timed top call, but traders are watching subsequent wallet activity to see if the same read holds or if the move was a one-off liquidation event.

🩸BEARISH 48d ago

Lookonchain

ETH Top Caller Garrett Jin Moves $1.35B to Binance at $2,337

Garrett Jin moved 577,717 ETH into Binance between May 6 and May 10 at an average of $2,337, days before the token shed more than a fifth of its value.

Zipp Editorial Aggregated from Lookonchain

ETH Top Caller Garrett Jin Moves $1.35B to Binance at $2,337

Trader Garrett Jin deposited 577,717 ETH worth roughly $1.35 billion into Binance between May 6 and May 10 at an average price of $2,337, days before Ethereum slid more than 20%, according to on-chain data he shared publicly.

Why it matters

The timing puts the deposit squarely at the local top. Moving that much ETH onto a centralized venue ahead of the leg down is consistent with distribution rather than accumulation, and the average price line — $2,337 — lines up with the resistance zone ETH rejected from before the free fall began. Jin has publicly tracked similar pre-rally and pre-crash flows in past cycles, and the May deposit is now being read as another correctly-timed call.

Market impact

ETH is trading well below the deposit average, and the deposit itself adds to a broader pattern of large-holder rotation through exchanges during the drawdown. Traders are now watching whether subsequent on-chain moves from the same wallet confirm the read or if this was a one-off liquidation event.

$ETH #Binance #WhaleAlert #OnChain

Frequently asked questions

Who is Garrett Jin and why does his trading matter?

Garrett Jin is a trader known for publicly tracking large on-chain wallet flows and flagging pre-rally and pre-crash moves in past cycles. His correctly-timed calls have made his on-chain reads a market signal in their own right.
How much ETH did Garrett Jin deposit to Binance?

He deposited 577,717 ETH, worth roughly $1.35 billion at the time, between May 6 and May 10 at an average price of $2,337 per ETH.
When did ETH start dropping after the deposit?

The deposit window ran May 6 to May 10, and ETH entered a free fall shortly after, shedding more than 20% from the deposit-period highs.
Why does a large exchange deposit matter for price?

Moving a large position onto a centralized venue ahead of a leg down is typically read as distribution rather than accumulation, since the ETH is now available to be sold into the order book.
Is this a sell signal for ETH right now?

The deposit confirms one correctly-timed top call, but traders are watching subsequent wallet activity to see if the same read holds or if the move was a one-off liquidation event.

Source attribution

Aggregated from Lookonchain · Verified · Last refreshed 48d ago

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