COINOTAG News reports on December 19 that market analyst Garrett Jin outlined a bullish path for BTC and ETH, projecting a Bitcoin price target of $106,000 and Ethereum price target of $4,500. Jin argues the bearish thesis is waning as markets have largely priced in the latest yen-rate decision, easing near‑term downside risk.
COINOTAG links the so‑called BTC OG Insider Whale to a long‑dormant address once tied to large holdings, noting a prior $500 million BTC short before the 10.11 plunge and purported gains near $100 million. ETH and SOL longs have since traded below yesterday’s entries, compounding losses. Current floating loss totals about $78.3 million on notional around $694 million, with $15.92 million in margin remaining. Core longs include: 5x ETH long, $573 million notional at $3,147, -$66.77 million; 5x BTC long, $85.18 million notional at $91,500, -$6.32 million; 20x SOL long, $31.57 million notional at $135, -$5.21 million.
Investors should monitor credible disclosures and apply disciplined risk controls, given the volatility surrounding large‑scale positions and the potential for rapid shifts in leverage.
Source: https://en.coinotag.com/breakingnews/btc-og-insider-whale-sets-bitcoin-target-at-106000-and-ethereum-at-4500
