Garrett Jin sarcastically explains the precise shorting before the big dump: There aren't that many conspiracies in the world; being optimistic in the long term doesn't mean you can't short in the short term.

BlockBeats news, on October 14, the Whale Garrett Jin, who accurately shorted before the big dump and publicly sold over $4.23 billion in BTC to switch to ETH, stated: “The clients under my management hold a large amount of Spot Crypto Assets, and the short positions before the big dump were only part of the Hedging. If liquidity is sufficient, we can Build a Position considering the losses in the Spot Position, the overall Holdings of the clients are actually bearing losses. We are optimistic about the crypto market in the long term, but that does not mean we won't hedge in the short term. If shorting when prices fall is condemned, should long positions when prices rise be blamed as well? Currently, the crypto market is highly correlated with the US stock market; if you do not keep up with the latest information in a timely manner, you will fall behind. Everyone wants to profit from the market; what professional knowledge or training do you have to beat the market? If you cannot answer that, then you are the source of profit. There are not so many conspiracies in this world; stop making excuses for your ignorance and lack of professionalism.” Earlier today, according to the on-chain detective Eye, a significant breakthrough was made in an investigation targeting an insider trading group. The investigation shows that the Whale Garrett Jin, who previously made a high-profile switch to ETH, may only be an agent, with the real source of insider information pointing to a group of insiders within the White House.