Bitcoin Sell-Off Ahead? Garett Jin Moves $760M BTC to Binance Amid Trump’s New Tariffs

Bitcoin whale Garett Jin has been moving tranches of his Bitcoin holdings to crypto exchanges for a potential sell-off. The latest move was a $760 million transfer of the coin to Binance as markets await the impact of Trump’s new tariffs.

Garett Jin New BTC Transfer Sparks Fear of Bitcoin Sell-Off

According to Lookonchain, a wallet belonging to a famous trader named Garrett Jin moved $760 million worth of the coin in a major transfer. The famous trader deposited 6,318 BTC, worth around $425 million, into Binance. This is in addition to a series of massive transactions that have drawn the attention of blockchain analysts.

Earlier today, the address moved around $336 million worth of Bitcoin to Binance. In total, 11,318 coins have been moved to the cryptocurrency exchange. This has raised concerns about a potential Bitcoin sell-off as markets prepare for the Trump tariff effect.

Only yesterday, Peter Brandt warned investors about a potential crash in the price of BTC to $20,000 as it approaches $50,000. The analyst advised investors to sell all their holdings as the crash could worsen with time.

Jin, a trader using the pseudonym Garrett Bullish, who was the former CEO of the defunct BitForex exchange, is most famous for his trading. He is most famous for his huge short position in Bitcoin that was established only minutes before the huge market crash that was caused by the tariff announcement by Trump in October.

He still holds more than 9,300 BTC, which are worth $627 million, and more than 548,000 ETH, which are worth more than $1 billion. Whether this is a new Bitcoin transfer for the purpose of a sell-off is yet to be confirmed by experts.

Markets Prepare for a Possible Fall Due to the Tariff Drama

The cryptocurrency market is preparing for a possible fall due to the tariff drama. Yesterday, President Trump announced that the United States will impose a 10% global tariff on all countries for five months.

This came as a reaction to the decision of the Supreme Court to cancel their initial tariffs. At that time, the price of BTC did not react much. However, it sparked concerns that people might begin selling Bitcoin. This is due to the impact that the previous tariff had in October 2025.

There are still disputes regarding the repayment of the money that the government collected based on the old policies. Senator Warren expressed her concerns regarding the government’s plan to pay back these debts.