Garrett Jin: Precious metal prices have dropped significantly, BTC and ETH have started to rebound
Foresight News reported that Garrett Jin, the whale who previously made headlines by selling over $4.23 billions worth of BTC to switch positions to ETH, tweeted, "As precious metals such as platinum, palladium, and silver experience significant pullbacks, bitcoin and ethereum have started to rebound. Positions in these metals have become excessively crowded and extremely overbought in the short term, increasing risk exposure. This has triggered profit-taking, with funds shifting from overheated trades to relatively undervalued assets."
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