Garrett Jin sarcastically explains the concept of precise shorting: There aren't that many conspiracies in the world; you can be bullish in the long term and short in the short term.

BlockBeats News, October 14th, Garrett Jin, a whale who had accurately shorted before the previous crash and publicly sold over 4.23 billion USD worth of BTC to switch to ETH, posted a message stating: "His clients hold a large amount of spot cryptocurrencies. The short position before the crash was only a partial hedge. If there is sufficient liquidity, more positions can be built. Considering the losses in spot positions, clients are actually bearing losses on their overall holdings. We are optimistic about the crypto market in the long run, but that does not mean we will not hedge in the short term. If shorting during a price drop is condemned, should going long during a price rise also be criticized? Currently, the cryptocurrency market is highly correlated with the U.S. stock market. If you do not keep up with the latest news 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 can't answer that, then you are the source of profit. There are not so many conspiracies in the world. Stop making excuses for your ignorance and lack of professionalism."

Earlier today, according to the "on-chain detective" Eye, a key advancement was made in an investigation into an insider trading group. The investigation shows that Garrett Jin, the whale who previously made a high-profile switch from ETH to BTC, may have been just an agent, and the true insider information is linked to a group of White House insiders.