Top Binance trader closes long position to avoid being OG's exit liquidity

Eugene Ng Ah Sio, a well-known top futures trader on Binance, announced on his Telegram channel that he has closed his long positions. He stated that it appears Garrett Jin, the former CEO of the fraudulent exchange BitForex, has decided to "nuke" his Bitcoin holdings. "I don't want to be his exit liquidity, so I've closed my position," he said. He added that the market is more challenging than ever and that he will only take positions with very clear risk-reward ratios in the future. "The 'knife catch' long position I took at the bottom yesterday was good, but it's a shame the result wasn't better," he noted. Around 0:00 UTC yesterday, when BTC touched the $60,000 level, he had commented to "buy when there's blood in the streets." Meanwhile, a Bitcoin OG, believed to be Garrett Jin, has deposited approximately 5,000 BTC ($351 million) into Binance starting around 4:00 a.m. UTC today.