tldr; Garrett Jin, a Hong Kong-based crypto trader, experienced a dramatic financial downfall. After profiting $150 million during the October 2025 crash by shorting Bitcoin and Ethereum, Jin shifted to leveraged long positions in Ethereum, betting on its rise to $4,500. However, during the January 2026 ‘Warsh Shock’ market crash, his positions were liquidated, resulting in $250 million losses and pushing his lifetime P&L to negative $128 million. Jin’s story highlights the risks of excessive leverage in volatile crypto markets.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
restore_democracy on
It’s not hard to win at gambling. It’s hard to walk away when you’re ahead.
FishermanWaste1268 on
125 mil.
U just walk away and live the best fucking life.
WaterboardedCalamari on
Peanut butter and Jelly sandwiches for this whale
DBRiMatt on
He knew it was coming, he just took the loss to divert any “insider trading” attention.
He’ll nail the next one!
/s
NinjaChore on
No crying in the casino
Cute-Internet-9129 on
Bro blew generational wealth on a fucking yolo play for no apparent reason, I can’t even imagine
No_Giraffe_4647 on
He is the public one because of extreme position now in the shadows thousands other did same with smaller positions
Thom5001 on
The guy must be ill. Definitely a degen gambler.
Isekai_Dreamer on
this is what happens to you when you want the entire world instead of just your piece of the pie.
jeebojeeb on
His options were either to get liquidated, or go to jail in the US for insider trading
SirArthurPT on
When you’re winning it is about time to leave the casino…
CitrusHaz3 on
Eventually luck does runs out
Unless you are an insider
MarioWilson122 on
Damn greed at the highest levels, most would’ve been more then glad to walk away with generational wealth.
Cak8908 on
What a fart bag
encony on
Happens to the best of us
jizzinmyeyes69 on
Hahahahaha!!!!!
I love this. Hey, at least he still has $53. That’s more than many people have.
Thank you for sharing 😀
Life-Western on
damn thats so sad
SeriousGains on
I thought everyone said the Oct 10th guy was Trump?
Ifti_Freeman on
A fool and his money are soon parted. Being lucky once doesn’t make you consistent. Otherwise day traders would’ve been trillionaires.
ChripToh_KarenSy on
Another James Wynn lol. These guys could have just took profit, walked away (at least for this cycle) and enjoyed their profits then come back on the next cycle, but greed got the better of them and continued to trade only to give back their gains to the market.
23 Comments
You mean Degen
tldr; Garrett Jin, a Hong Kong-based crypto trader, experienced a dramatic financial downfall. After profiting $150 million during the October 2025 crash by shorting Bitcoin and Ethereum, Jin shifted to leveraged long positions in Ethereum, betting on its rise to $4,500. However, during the January 2026 ‘Warsh Shock’ market crash, his positions were liquidated, resulting in $250 million losses and pushing his lifetime P&L to negative $128 million. Jin’s story highlights the risks of excessive leverage in volatile crypto markets.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
It’s not hard to win at gambling. It’s hard to walk away when you’re ahead.
125 mil.
U just walk away and live the best fucking life.
Peanut butter and Jelly sandwiches for this whale
He knew it was coming, he just took the loss to divert any “insider trading” attention.
He’ll nail the next one!
/s
No crying in the casino
Bro blew generational wealth on a fucking yolo play for no apparent reason, I can’t even imagine
He is the public one because of extreme position now in the shadows thousands other did same with smaller positions
The guy must be ill. Definitely a degen gambler.
this is what happens to you when you want the entire world instead of just your piece of the pie.
His options were either to get liquidated, or go to jail in the US for insider trading
When you’re winning it is about time to leave the casino…
Eventually luck does runs out
Unless you are an insider
Damn greed at the highest levels, most would’ve been more then glad to walk away with generational wealth.
What a fart bag
Happens to the best of us
Hahahahaha!!!!!
I love this. Hey, at least he still has $53. That’s more than many people have.
Thank you for sharing 😀
damn thats so sad
I thought everyone said the Oct 10th guy was Trump?
A fool and his money are soon parted. Being lucky once doesn’t make you consistent. Otherwise day traders would’ve been trillionaires.
Another James Wynn lol. These guys could have just took profit, walked away (at least for this cycle) and enjoyed their profits then come back on the next cycle, but greed got the better of them and continued to trade only to give back their gains to the market.
Good