The cryptocurrency market is facing a potential storm as a massive amount of Bitcoin lands on a major exchange. Notorious crypto whale Garett Jin has transferred a staggering $760 million worth of Bitcoin to Binance. This sudden movement happens exactly as President Donald Trump announces new economic tariffs. Investors are now on high alert for a possible price crash.
This transfer has triggered widespread anxiety across the digital asset space. Traders often view large inflows to exchanges as a sign that a holder intends to sell. The combination of this whale activity and the new US trade policy has created a tense atmosphere for Bitcoin holders.
Massive Bitcoin Inflow Hits Binance
Blockchain data reveals that Garett Jin moved his assets in two separate tranches. The total amount transferred sits at approximately 11,000 BTC. This is one of the largest individual movements seen in recent months.
The transaction breakdown is as follows:
- First Transfer: 6,318 BTC (Valued at roughly $425 million)
- Second Transfer: Approximately $336 million worth of BTC
- Destination: Binance Exchange
- Total Value: $760 million
Data provider Lookonchain first spotted these transactions. They noted that the wallet activity spiked just hours after the political news broke regarding trade tariffs. Such a large volume hitting the order books could absorb significant buying pressure. If Jin decides to sell at market price, it could trigger a liquidation cascade for leveraged long positions.
Market liquidity is a major concern here. When a whale dumps this much supply, the price often corrects sharply. Retail investors usually panic and sell their bags too. This creates a domino effect that drives prices down even further.
Bitcoin whale wallet transfer chart graphic on trading screen
Who Is Garett Jin and Why It Matters
Garett Jin is not an average crypto investor. He operates under the alias “Garrett Bullish” in trading circles. Despite the nickname, his most famous play was actually a bearish one. He gained legendary status for successfully shorting Bitcoin right before the market crash in October 2025.
His track record makes this current move even more alarming. Traders follow his wallet closely because he has predicted market downturns before. If he is positioning himself to sell now, many believe he knows something the general public does not.
Despite this massive transfer to Binance, Jin remains a heavy hitter in the space. His known wallets still contain a fortune in digital assets.
Current Holdings Remaining in Jin’s Known Wallets:
| Asset | Quantity | Approximate Value |
|---|---|---|
| Bitcoin (BTC) | 9,300+ | $627 Million |
| Ethereum (ETH) | 548,000+ | $1 Billion+ |
The fact that he still holds over a billion dollars in Ethereum suggests he might not be exiting crypto entirely. He may be rotating capital or simply taking profits on Bitcoin. However, the timing regarding the new government policy cannot be ignored.
Trump Tariffs Rattle Global Markets
The catalyst for this potential sell-off appears to be the latest economic policy from the White House. President Trump stated yesterday that the United States will impose a 10% global tariff. This policy applies to all countries and will last for five months.
Global markets traditionally react poorly to tariffs. These taxes often lead to higher inflation and a stronger US Dollar. When the dollar gets stronger, risk assets like Bitcoin usually suffer. Investors flee to cash or safe-haven assets rather than speculative investments.
This announcement comes on the heels of a major legal battle. The Supreme Court recently struck down the previous round of tariffs. That court decision brought brief relief to the market. But this new announcement has undone that optimism.
There is also confusion regarding the financial impact on businesses. The government collected money under the old tariffs which the court declared illegal. Senator Elizabeth Warren has publicly questioned how this money will return to the people.
“The court has struck down these destructive tariffs, but there is no legal mechanism for consumers and many small businesses to recoup the money they have already paid.”
Uncertainty like this is poison for financial markets. Bitcoin hates uncertainty. The mix of regulatory confusion and high taxes is pushing big players to reconsider their exposure to risk.
Analysts Warn of Potential Price Crash
Financial experts are weighing in on the situation with grim predictions. The market sentiment has shifted from cautiously optimistic to fearful very quickly.
Peter Schiff has issued a severe warning to Bitcoin holders. The veteran stockbroker and gold enthusiast suggested that Bitcoin could plummet to the $20,000 level. He advised investors to liquidate their holdings immediately before the crash worsens.
While Schiff is known for his permanent skepticism of crypto, his target aligns with some bearish technical indicators. If the $760 million sell wall from Garett Jin hits the market, support levels could break easily.
Key concerns for the week ahead:
- Liquidity Shock: Can Binance absorb $760 million without crashing the price?
- Panic Selling: Will retail investors sell in fear of the 10% tariff news?
- Dollar Strength: Will the DXY index rise and push BTC down?
The next 24 to 48 hours are critical. Traders are watching the order books on Binance closely. If those 11,000 BTC start moving into stablecoins like USDT or USDC, the drop could be instant. Conversely, if Jin simply holds the assets on the exchange as collateral for trading, the market might stabilize.
For now, the fear index is climbing. Investors are waiting to see if history repeats itself with another well-timed exit by the whale who called the October crash.
The combination of aggressive whale selling and restrictive government policy is a dangerous mix. Small investors should exercise extreme caution and manage their risk accordingly. The market is volatile and large players are making their moves.
What is your take on this massive whale movement? Do you think the price will hold or are we heading for a major correction? Share your thoughts and use the hashtag #BitcoinWhaleWatch on social media to join the conversation.
