Suspected "1011 Insider Whale" Garrett Jin: Precious metal prices have significantly retreated, BTC and ETH have started to rebound

Suspected "1011 Insider Whale" Garrett Jin posted on the X platform, stating that the prices of precious metals such as platinum, palladium, and silver, which are the "leaders," have significantly retreated, while the prices of Bitcoin and Ethereum have begun to rebound.

Currently, the funding positions for these precious metals in the market have become overly crowded, and the severe overbought conditions in the short term have increased risks, leading to profit-taking. Therefore, market funds will shift from overheated trades to relatively undervalued assets. Garrett Jin previously stated that the rise in silver, palladium, and platinum is merely a short-term squeeze and is unsustainable. Once prices begin to reverse, it is likely to drag down gold prices as well, causing market funds to shift from precious metals to Bitcoin and Ethereum.