Garrett Jin, suspected "1011 insider whale": Precious metal prices have fallen sharply, while BTC and ETH have begun to rebound.

According to Odaily Planet Daily, Garrett Jin, suspected to be the "1011 insider whale," posted on the X platform that the prices of leading precious metals such as platinum, palladium, and silver have fallen sharply, while Bitcoin and Ethereum prices have begun to rebound. He stated that the market's positions in these precious metals are currently overcrowded, with severe overbuying in the short term increasing risk and triggering profit-taking. Therefore, market funds will shift from overheated trading to relatively undervalued assets. Garrett Jin previously stated that the rise in silver, palladium, and platinum is only a short-term squeeze and is unsustainable. Once prices begin to reverse, it is likely to drag down gold prices, and market funds will shift from precious metals to Bitcoin and Ethereum.