According to Tradingbeats data cited by BlockBeats on Sept. 8, Jeffrey Huang, also known as "Machi Big Brother," sharply reduced his Bitcoin long position by 14:30 that day. The position fell from about 541 BTC the previous night to 50 BTC, a net reduction of around 491 BTC. The remaining position was valued at about $3.9174 million, with 40x leverage, an average entry price of roughly $79,294.9, and an unrealized loss of about $47,400. During the reduction process from last night to the latest reading, Huang cumulatively closed about 575.07 BTC and added back around 91 BTC. Losses tied to closing prices totaled about $305,600. After including roughly $14,400 in fees, the net realized loss reached about $320,000. In effect, a BTC long once sized at around $43 million has now been cut to about $4 million, with losses locked in during this round of position trimming.
BlockBeats reported on Sept. 8, citing Tradingbeats monitoring data, that by 14:30 on Sept. 8, Jeffrey Huang, known in the market as "Machi Big Brother," had reduced his BTC long position from about 541 BTC the previous night to 50 BTC, for a net cut of roughly 491 BTC.
The remaining position was valued at about $3.9174 million. It was using 40x leverage, with an average entry price of around $79,294.9 and an unrealized loss of about $47,400.
Trading activity during the reduction phase from last night to the latest update shows that Huang cumulatively closed about 575.07 BTC, while adding back around 91 BTC during the same period. Combined profit and loss from the closing prices came to a loss of about $305,600. After including approximately $14,400 in fees, the net realized loss stood at about $320,000.
That means the BTC long, once sized at roughly $43 million, has now been cut sharply to about $4 million, with losses realized during this latest round of deleveraging.
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