The post Bitcoin OG Garrett Jin withdraws 80,000 Ethereum from Binance appeared on BitcoinEthereumNews.com.

Garrett Jin, a prominent crypto trader commonly known as Bitcoin OG “1011short,” withdrew 80,000 Ethereum worth approximately $168 million from Binance on Thursday, according to on-chain data. The transfers took place during a market-wide selloff that pushed most crypto assets lower, with Bitcoin falling below $71,000 and Ethereum dropping under $2,100. The total crypto market capitalization shed 6% to $2.4 trillion, per CoinGecko. Heads up: Garrett Jin(#BitcoinOG1011short) has started buying back $ETH! He just withdrew 80,000 $ETH ($167.8M) from #Binance.https://t.co/LyveMqUKoj pic.twitter.com/K18mvT4aoj — Lookonchain (@lookonchain) February 5, 2026 The move signals a renewed interest in buying Ethereum, as Jin recently deposited a large Ethereum holding into Binance starting in late 2025, according to Lookonchain. Large transfers to exchanges are often seen as potential selling signals. BREAKING! The #BitcoinOG(1011short) with a massive $717M long position in $BTC, $ETH, and $SOL, just deposited 100,000 $ETH($292M) into #Binance. Big move — what’s the play?https://t.co/LyveMqUKoj pic.twitter.com/jVHuQE6Q84 — Lookonchain (@lookonchain) December 24, 2025 Jin has gained widespread attention for his on-chain moves during periods of extreme volatility. He is best known for a $735 million Bitcoin short on Hyperliquid that netted an estimated $160 million in profit just minutes before a massive market crash triggered by President Trump’s October 2025 tariff announcement. The trader’s wallet shows that he still holds over 30,600 BTC worth over $2 billion. Source: https://cryptobriefing.com/bitcoin-og-massive-eth-withdrawal-binance/

---

Filed under: News - @ February 5, 2026 3:26 pm