Lookonchain said Machi has closed long positions in HYPE, BTC and PUMP as the market moved lower, exiting those trades to stop losses. The account is now focused on a single directional bet on Ether.
According to the monitoring update, Machi’s current position stands at 29,000 ETH, valued at about $73.64 million at the time of the post. The liquidation price for that ETH long was listed at $2,486.33.
The update did not provide more detail on when the earlier positions were opened or closed beyond saying the move came as the market declined. It also did not disclose any additional positions outside the ETH long mentioned in the post.
The source for the position update is a post shared by Lookonchain on X.
Lookonchain said Machi closed long positions in HYPE, BTC and PUMP as the market fell, cutting those trades to stop losses and shifting fully into an ETH long.
Machi’s current position is 29,000 ETH, worth about $73.64 million, with a liquidation price of $2,486.33, according to the post on X.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
