BitForex founder-linked address opens $107M BTC long position: EmberCN

A wallet address linked to BitForex founder Garrett Jin opened a 1,330 BTC long position over the past four hours, according to on-chain analyst EmberCN, who shared the update on X. The position is worth $107 million, with an average entry price of $78,057 and unrealized profit currently at $3.05 million. The address is tied to Jin, who has faced allegations of profiting from insider trading ahead of a record forced-liquidation event in October last year.