Garrett Jin: There aren't that many conspiracy theories in the world. While bullish in the long term, you can also short-sell in the short term for hedging.

Regarding the whale Garrett Jin, who precisely shorted over $4.23 billion worth of BTC before the crash and publicly sold over $4.23 billion worth of BTC for ETH, he posted on the X platform: "My clients hold a large amount of spot cryptocurrency. Short positions are only a partial hedge. If liquidity is sufficient, more positions can be opened. Compared to the losses in spot positions, clients are actually suffering overall losses."