Bitcoin Whale Garrett Jin Dumps BTC, Moves $545M ETH

• Garrett Jin transferred 5000 BTC and 261K ETH to Binance following Bitcoin’s rebound above 70K.

• Wallet activity suggests possible market sales after USDT withdrawals and renewed price weakness.

• A dormant Satoshi era wallet reactivated with 7068 BTC amid heightened whale movements.

On-chain data shows Garrett Jin transferred billions in digital assets after Bitcoin rebounded above $70,000. The activity occurred over two days and involved Bitcoin and Ethereum deposits, following earlier liquidation losses tied to Jin-linked wallets.

BTC Transfers Follow Bitcoin’s $70,000 Rebound

On-chain records show Garrett Jin moved 5,000 Bitcoin, valued near $350 million, to Binance. The transfer occurred shortly after Bitcoin reclaimed the $70,000 price level. While exchanges cannot confirm execution, blockchain activity later provided additional context.

According to Lookonchain data, a wallet linked to Jin withdrew $53.12 million in USDT from Binance shortly after the Bitcoin deposit. That withdrawal coincided with Bitcoin falling below $70,000 again. The timing suggests the Bitcoin transfer likely resulted in a market sale. Despite the activity, Jin-linked wallets still hold roughly 30,000 Bitcoin worth about $2.09 billion.

Ethereum Deposit Adds to Exit Pattern

The following day, Jin deposited 261,000 Ethereum, valued near $545 million, into Binance. That transaction added to a broader pattern of asset exits. The deposits followed reports that Jin previously suffered liquidation losses totaling about $250 million.

Separately, Whale Alert reported another large Bitcoin movement. The service tracked 1,651 Bitcoin, worth roughly $114 million, transferred from an unknown wallet to Binance. That transaction occurred amid elevated whale activity across major exchanges.

Dormant Satoshi-Era Wallet Reactivates

At the same time, older Bitcoin wallets resurfaced. According to Arkham Intelligence, a Satoshi-era wallet inactive for more than 14 years received 7,068 Bitcoin. The transfer carried an estimated value near $470 million.

The wallet, identified by Arkham as a “Satoshi Whale,” received the funds shortly after becoming active. Traders flagged the move due to its size and the wallet’s long dormancy.

Together, the large transfers from Garrett Jin and the reactivation of an early Bitcoin wallet marked a concentrated period of whale-driven blockchain activity.