- Garret Jin locked in a profit on HYPE of $2.8 million.
- He is known for a previous record-loss trade.
- At the same time, for now his bet on bitcoin shows unrealized losses of more than $15 million.
The well-known trader Garret Jin, who trades on the decentralized exchange Hyperliquid, fully sold 184,102 HYPE worth $13.54 million, locking in a profit of $2.83 million. This was reported by analysts at Onchain Lens.
At the same time, the trader continues to hold large leveraged positions in bitcoin, Zcash, and Uniswap, and after the sale he again began accumulating HYPE. The event drew the market's attention because earlier he was at the center of one of the largest liquidations in the history of the Hyperliquid platform.
According to Onchain Lens, the trader liquidated his entire HYPE portfolio at an average price of $73.58 per token.
"Garret Jin sold all 184,102 HYPE for $13.54 million USDC at a price of $73.58, making a profit of $2.83 million," the analysts noted.
However, the sale turned out not to be a final exit from the asset. Soon after closing the position, the trader again began buying the token.
According to the platform, he has already acquired 71,092 HYPE worth about $5.06 million. In addition, he still has an active TWAP order to keep accumulating the asset.
The bitcoin bet remains loss-making
Despite the successful HYPE trade, the trader's largest open position is still tied to bitcoin.
According to Hyperbot data, Garret Jin holds a long position of 1,268.33 BTC with 5x leverage. At the time of writing, the size of the trade is about $81 million.
At the same time, the position is at a significant unrealized loss:
- position size — $81 million;
- average entry price — $76,117;
- current price — about $63,891;
- unrealized loss — more than $15.5 million;
- margin used — $16.2 million.
According to Onchain Lens, at the time of publication the loss on the bitcoin position was estimated at about $13.2 million, but the platform's current data shows a further worsening of the result due to the decline in the price of the first cryptocurrency.
In addition, the trader keeps open positions in other assets:
- 50,013 ZEC worth about $23.3 million with a profit of more than $1.3 million;
- 581,241 UNI worth about $1.8 million with a loss of about $285,000.
Recall that Garret Jin's name has already appeared at the center of the crypto community's attention.
In February 2026, Hyperliquid recorded one of the largest liquidations in the history of the cryptocurrency derivatives market. At that time his position of more than $700 million was forcibly closed.
According to the platform, in just two weeks the trader lost about $270 million, and his cumulative historical profit of $142 million turned into a massive loss.
Delphi Digital experts called Hyperliquid a universal exchange 02/24/2026 Read
Source: Incrypted
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