Garrett Jin moved 11,000 BTC worth $760M to Binance as markets reacted to Trump’s new 10% global tariff plan.
A large Bitcoin transfer from whale trader Garrett Jin drew fresh attention after he moved 11,000 BTC across several transactions.
The activity completed a total of 760 million USD sent to Binance as markets reacted to new tariff plans announced by Donald Trump.
Large Transfers Raise Concerns of a Possible Sell-Off
Blockchain records show that Jin moved 6,318 BTC worth around 425 million USD to Binance in one transaction.
Hours later, he transferred about 336 million USD in BTC, which brought the combined total to 760 million USD moved to the exchange.
Lookonchain reported the transactions as part of a continued pattern of activity from wallets linked to Jin.
Damn!
Garrett Jin(#BitcoinOG1011short) deposited 11,318 $BTC($760.6M) into #Binance.
But it doesn't look like he sold them on the market right away.
It could be an OTC deal — or he may just be holding them on Binance.https://t.co/LyveMqUKoj pic.twitter.com/wJeMmImETS
— Lookonchain (@lookonchain) February 21, 2026
These movements took place during a period of growing inflows to major exchanges.
Several large traders also transferred assets in the same window, and researchers say the timing suggests coordinated repositioning across some whale wallets.
Analysts continue to monitor the pattern as it has appeared during past periods of market stress.
Jin became widely known after taking a short position that aligned with the sharp Bitcoin drop following tariff news in October 2025.
Market analysts say this history creates more focus on his recent transactions, and they are reviewing whether a similar move could be underway.
Motivations Behind the BTC Transfers
Analysts have offered several possible explanations for the transfers. One reason could be preparation for selling.
Some traders move funds to exchanges before reducing exposure, and the amount transferred is large enough to draw market attention.
The transactions arrived during rising uncertainty, so analysts say the timing is notable.
Another possible reason is collateral use for derivatives. Traders often move Bitcoin to exchanges when preparing for futures or options trades.
These activities tend to rise when volatility expectations increase, and the tariff announcement has created such expectations across global markets.
Some traders also use exchanges as part of over-the-counter settlement processes. These transfers may appear on-chain as inflows but do not always involve spot market selling.
Researchers say this method is common among whales who prefer structured settlement rather than open market execution.
Related Reading: Supreme Court Slams Trump Tariffs: Is Bitcoin and Crypto Surge Incoming?
Tariff Announcement Increases Market Tension
Crypto markets are responding to Trump’s new tariff plan. He stated that the United States will impose a 10% global tariff for five months.
The announcement arrived after the Supreme Court canceled earlier tariff measures, and it added new uncertainty to markets.
The previous tariff event in October 2025 caused strong reactions across Bitcoin markets.
Traders are reviewing that period as they prepare for possible changes in trading behavior.
Some analysts say the past reaction has made current whale activity more important to watch.
Senator Elizabeth Warren raised questions about repayment of funds collected under earlier tariff programs.
Her comments added more attention to the economic discussion. Market watchers expect traders to monitor both policy updates and whale movements as the situation develops.
