$ETH Hello, family! Hold on tight because what just happened on the blockchain is enough to make anyone's hair stand on end. Garrett, the legendary trader who became famous for making $101 million in a single trade, has just thrown in the towel. 🏳️
This giant has decided to abandon a position of $630 million in Ethereum, accepting a historic loss of $250 million. Yes, you read that right! Despite having funds to hold on, they preferred to liquidate almost their entire portfolio (leaving only $53 in their Hyperliquid account) because their forecast for 2026 is bleak: a prolonged recession that will crush not only cryptocurrencies but the entire global market.