Garrett Jin, known in the community as the "BTC OG insider whale agent," posted a strongly bullish post on Ethereum (ETH) on the X (formerly Twitter) platform on January 16, explicitly stating that corporate and institutional investors "should enter the market now," which has attracted great attention and heated discussion in the market.
Aiming for a $3,000 entry point: ETH becomes an enterprise-level asset allocation tool
In his post, Garrett Jin pointed out that when the price of ETH approaches $3,000, it is an ideal range for businesses and institutions to establish positions. He suggested buying and simultaneously staking to lock in a fixed annualized yield (APY) of approximately 3%.
He further analyzed that if ETH rises to $9,000 in the future, the rewards generated from staking alone, converted into USD, would yield an annualized return of approximately 9%, which is extremely attractive for corporate fund management. Even if there is a short-term price pullback (which he believes is unlikely), the long-term stable staking returns can gradually offset the book losses denominated in fiat currency, forming a "natural safety net."
In his view, for companies or institutions like BMNR, ETH is no longer just a highly volatile speculative asset, but an important tool for optimizing balance sheets in the long run.
Analogous to AI stocks: the later you enter the market, the worse the risk-reward ratio.
Garrett Jin also likened ETH to AI technology stocks in the current market that have high price-to-earnings ratios but still continue to attract funds. He described it as a "valuation race against time," where for institutions, the later they enter the market, the less desirable the potential risk-reward ratio will be.
He summarized his investment strategy as "Racing with certainty," emphasizing that the current period is a crucial window of opportunity for institutions to position themselves in ETH.
Who is Garrett Jin? A key influential figure amidst controversy.
Garrett Jin's background is one of the key reasons why his statements can shake the market. He previously served as the Chief Operating Officer at Huobi (now HTX) and later founded and became the CEO of the BitForex exchange. However, BitForex was embroiled in major controversies in 2024, including the suspected loss of approximately $57 million in hot wallet funds, the closure of the exchange, and reports that the team was under investigation by Chinese police, which polarized his reputation in the market.
What truly propelled Garrett Jin to fame in the second half of 2025 was a series of market-shaking "on-chain events".
Several on-chain analysts have linked Garrett Jin to a mysterious whale account on the Hyperliquid platform. This account once held more than 100,000 BTC, with a market value exceeding $10 billion at its peak, and massively converted BTC into ETH between August and September 2025, staking approximately 570,000 ETH.
What drew even more market attention was the trading activity on October 10th and 11th, known as the "1011 Incident." About 30 minutes before Trump announced additional tariffs on China, the account opened short positions in BTC totaling $735 million, and subsequently added to its short positions in ETH. Market estimates suggest that this single operation yielded a profit of approximately $150 million to $200 million, earning the account the nickname "God of Short."
Due to the extremely sensitive timing of these operations, Garrett Jin and his account have been dubbed "Trump insider whale" and "1011 Insider Bro" by the market. Some suspect he has high-level political connections, while others believe it is simply the result of his enormous financial resources and trading skills.
However, Garrett Jin has repeatedly denied directly holding the whale funds, stating that the assets belong to clients and are used for hedging operations, while emphasizing that he has no insider connections with the Trump family.
