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Bitcoin Whale Garrett Jin Deposits 5,000 BTC into Binance Again

2026/02/22 17:32 (Updated 2026/02/23 08:00)
CoinPost
Written by L.Kikutani
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Bitcoin Whale Garrett Jin Deposits 5,000 BTC into Binance Again

Continues Massive Transfers Following Last Week

The movements of major investors in the Bitcoin (BTC) market are under close scrutiny.

On the evening of the 20th, the on-chain analysis platform Lookonchain reported that well-known whale Garrett Jin (also known as BitcoinOG1011short) deposited an additional 5,000 BTC (worth approximately 52 billion yen) into the cryptocurrency exchange Binance.

This substantial deposit by Mr. Jin is strongly suspected by the market to be a preparation for liquidating positions, commonly referred to as a 'dump' or fire sale. Such a large-scale transfer to Binance could potentially exert significant selling pressure...

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Iolite Vol.18

Iolite Vol.18

March 2026 issueReleased on 2026/01/30

Interview: Iolite FACE vol.18 Takeshi Chino, Representative Director, Binance Japan PHOTO & INTERVIEW: Mai Shin Special Features: “Future Money — The Current State of Value Transfer” “Upcoming Amendments to Japan’s Crypto Asset Regulations” “The Reality of IEOs” Crypto Journey Beyond a Treasury Company: Becoming an Ethereum Evangelist — The Essence and Determination Behind HODL1’s Digital Asset Treasury (DAT) Strategy Interview with Hiroki Tahara, Representative Director, Kusim Inc. (now HODL1) Series: “Expert Perspectives on Interpreting Volatile Crypto Markets” — Kasou NISHI Series Tech and Future — Toshinao Sasaki …and more

MAGAZINE

Iolite Vol.18

March 2026 issueReleased on 2026/01/30
Interview: Iolite FACE vol.18 Takeshi Chino, Representative Director, Binance Japan PHOTO & INTERVIEW: Mai Shin Special Features: “Future Money — The Current State of Value Transfer” “Upcoming Amendments to Japan’s Crypto Asset Regulations” “The Reality of IEOs” Crypto Journey Beyond a Treasury Company: Becoming an Ethereum Evangelist — The Essence and Determination Behind HODL1’s Digital Asset Treasury (DAT) Strategy Interview with Hiroki Tahara, Representative Director, Kusim Inc. (now HODL1) Series: “Expert Perspectives on Interpreting Volatile Crypto Markets” — Kasou NISHI Series Tech and Future — Toshinao Sasaki …and more