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Garrett Jin Takes Profits on ZEC, Cuts UNI, but Keeps Holding His Massive BTC Long.
Garrett Jin has started trimming some of his altcoin exposure, closing both his ZEC and UNI positions. The results were mixed.
He exited his $ZEC long with a realized profit of approximately $417,000, while closing his UNI long for a loss of around $314,000.
Combined, those trades leave him with a modest net gain, but they're far from the biggest story. The real focus remains his enormous Bitcoin position.
Despite reducing exposure elsewhere, Garrett is still holding a 1,268 $BTC long worth approximately $79.69 million.
And right now, it's deep loss. Unrealized Loss: More than $16.75M.
Garrett chose to realize profits on a winning ZEC trade and cut a losing $UNI position, yet left his largest and most painful position untouched. That suggests his conviction remains firmly centered on Bitcoin.
For now, Garrett's portfolio has become much simpler: ZEC closed. UNI closed. BTC remains the main bet.
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