🚨 From 200 MILLIONS $ to 53 $: the fall of a crypto whale 🚨
In October 2025, Garrett Jin (former CEO of BitForex) becomes a legend after a perfect short on BTC and ETH, pocketing nearly 200M$.
But by the end of January 2026, everything changes.
Ultra-exposed long on Ethereum with extreme leverage (up to 700M$ exposure) on Hyperliquid, he gets completely liquidated during the drop of ETH related to macro tensions (Fed, US shutdown).
📉 Estimated losses: ~250M$
💸 Final balance: 53$
📊 Overall PnL now negative (-128M$)
🏦 Hyperliquid cashes in 15M$ via its treasury
👉 Brutal lesson: even the biggest whales can lose everything with too much leverage.
The crypto market does not forgive arrogance.
🔐 Simple advice: spot > leverage.
Stay cautious, survive the cycles.
#crypto $BTC $ETH #RiskManagement #Levier #whale #CryptoMarket