Whale Garrett Jin is bullish! BTC target $106,000, ETH target $4,500, Yen rate hike has minimal impact

In October, the legendary whale Garrett Jin, who sold over $4.23 billion worth of BTC to reposition into ETH, issued a strong bullish signal last night: Bitcoin and Ethereum are about to surge! The first target levels are set at $106,000 and $4,500 respectively. At the same time, he openly stated that the logic of shorting the yen is becoming increasingly untenable—Japan’s rate hikes have had minimal impact on the market and have been fully priced in. This whale, who previously made precise repositioning moves, is once again siding with the bulls, igniting market sentiment instantly!

Core Interpretation of Garrett Jin’s Latest Views

Garrett Jin (a well-known on-chain whale, whose October operations shook the entire network) recently made the following statements:

• BTC target: First target $106,000 (currently about $85,000, roughly 25% upside)
• ETH target: First target $4,500 (currently about $2,800, roughly 60% upside)
• View on Yen rate hikes: Minimal impact, already priced in by the market, shorting the yen no longer logical

As the main figure behind the “miracle operation” of massively switching from BTC to ETH in October, Garrett Jin’s bullish turn is highly significant—he not only expects BTC to rise but is even more optimistic about ETH’s relative performance.

Review of Garrett Jin’s Legendary Operations

During the October rebalancing, the market was largely bearish on ETH; now that he’s turned bullish, the market is worried about the yen rate hikes and year-end repositioning. Garrett Jin’s contrarian indicator attributes have once again sparked heated discussion.

Why is the Yen rate hike “minimal impact”?

Garrett Jin’s views align closely with recent historical reviews:

• Japan’s rate hike pace is moderate (about twice a year, 0.25% each time)
• Historical impact: Most rate hike months see BTC rise, with significant drops often coinciding with other events (geopolitical conflicts, tariffs)
• Currently: The rate hike expectation for December 19 is fully priced in, limiting yen appreciation
• The pressure to short the yen (i.e., close arbitrage trades) has been absorbed by the market, preventing systemic sell-offs

Whale logic: macro noise has passed, the main upward wave for risk assets is about to begin.

What does this stance mean for the market?

• Short-term: The whale’s bullish turn + the negative impact of yen rate hikes could help BTC/ETH stabilize and rebound
• Medium-term: BTC could surge to $106,000 (breaking previous highs), ETH to $4,500 (continuing relative strength against BTC)
• Sentiment: Smart money is siding with the bulls, retail FOMO may reignite

Garrett Jin is not someone who makes random calls—his October repositioning has proven his judgment. This bullish turn is a genuine confidence signal.

What do you think about the whale’s targets of $106,000 and $4,500? Share your thoughts in the comments~ A. Fully agree, ready to add to positions B. Possible in the short term, but expect a top after new highs C. Yen rate hikes still exert pressure D. Wait and see, confirm breakout first

Take one step at a time—when the whale moves, the market follows!