Machi Big Brother, identified by BlockBeats as Jeffrey Huang, is close to closing out his 40x leveraged Bitcoin long, according to Tradingbeats data cited on Sept. 8. The position has been cut to 23 BTC. Earlier in the trade, on Sept. 4, the unrealized profit briefly reached $1.6985 million, when the position size stood at about 553 BTC, the average entry price was around $79,196.5, and Bitcoin’s hourly high was roughly $82,268. The trade has since reversed sharply.
Current figures show the BTC long down about $1.0371 million, with roughly $167,800 paid in trading fees and another $79,900 in funding costs. If the remaining position is fully closed at current levels, the whole trade is expected to end with a loss of about $1.308 million.
At the same time, Huang has continued adding to a HYPE long. That position has grown to 212,000 tokens, up by about 96,500 over the past day. At current prices, the added size represents roughly $8.1 million in notional value. The address now holds a HYPE long worth about $17.77 million in notional terms, uses 10x leverage, has an average entry near $87.37, and is sitting on an unrealized loss of about $749,800. Recent additions were mainly made around $86.5 and in the $83.4 to $83.9 range.
BlockBeats reported on Sept. 8, citing Tradingbeats data, that Machi Big Brother, identified in the report as Jeffrey Huang, is nearing a full exit from his 40x leveraged BTC long. The position is now down to 23 BTC.
BTC long swung from sizable unrealized profit to projected loss
The data shows that this BTC long once posted an unrealized profit of as much as $1.6985 million on Sept. 4. At that point, the position stood at about 553 BTC, with an average entry price of roughly $79,196.5, while BTC’s hourly high reached about $82,268.
The trade is now showing a loss of about $1.0371 million on the BTC leg alone. Trading fees paid so far total about $167,800, and funding costs add another roughly $79,900. If the position is fully closed now, the entire trade is expected to end with an estimated loss of about $1.308 million.
HYPE long keeps growing as BTC exposure is cut
Tradingbeats data also shows that while cutting the BTC long, Huang has continued adding to HYPE. His HYPE long has increased to 212,000 tokens, with a net addition of about 96,500 over the past day. At current prices, that incremental position corresponds to about $8.1 million in added notional value.
The address currently holds a HYPE long worth about $17.77 million in notional terms. The position uses 10x leverage, has an average entry price near $87.37, and is currently showing an unrealized loss of about $749,800. Recent additions were mainly concentrated around $86.5 and in the $83.4 to $83.9 range.
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