According to TradingBeats monitoring cited by BlockBeats on Oct. 15, Jeffrey Huang, also known as "Machi" or "Machi Big Brother," transferred 250,000 USDC into his account to add margin and increased his 25x leveraged ETH long position to 3,100 ETH. The position was valued at $7.37 million, with an entry price of $2,370.67 and a liquidation price of $2,333.56.
The update came after earlier reports said Huang had been continuously closing positions and stopping out as the market fell. BlockBeats also noted that over the past four months, he had turned $56,000 into $12.25 million through trading, before the figure fell back to $21,800. The latest move shows Huang adding fresh collateral and rebuilding exposure in ETH despite the recent drawdown mentioned in the earlier report.
BlockBeats reported on Oct. 15, citing TradingBeats monitoring, that Jeffrey Huang, known as "Machi," transferred 250,000 USDC into his account to add margin and increased his 25x ETH long position to 3,100 ETH. The position was valued at $7.37 million, with an entry price of $2,370.67 and a liquidation price of $2,333.56.
Earlier reports said that as the market declined, addresses linked to Huang, also referred to as "Machi Big Brother," had been continuously closing positions and stopping out. Over the past four months, he had turned $56,000 into $12.25 million through trading, before it fell back to $21,800, according to BlockBeats.
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