Garrett Jin explains shorting accurately with sarcasm: There aren't that many conspiracies in the world; long-term optimism can also be short-term
TechFlame
2025-10-14 04:16
TechFlame2025-10-14 04:16
English
TechFlame reports that the giant whale Garrett Jin, who had accurately shorted before the crash and sold over US$4.23 billion in BTC in exchange for ETH, wrote that its customers held a large number of spot cryptocurrencies, and the short positions before the crash were only a partial hedge. If you have sufficient liquidity, you can open more positions. Considering the loss of the spot position, the customer's overall position actually bears the loss. We've been bullish on the crypto market for a long time, but that doesn't mean we won't hedge in the short term. If shorting is reprimanded when prices fall, should bulls be blamed when prices rise? Currently, the cryptocurrency market is highly correlated with the US stock market, and if you don't keep up to date with the latest information, you will lag behind. Everyone wants to profit from the market, what expertise or training can you gain to beat the market? If you can't answer, then you're the source of profit. There aren't that many conspiracies in this world, so stop making excuses for your ignorance and unprofessionalism.