Machi Big Brother, also known as Jeffrey Huang, shifted his leveraged exposure on Aug. 23 after two unsuccessful 40x long attempts on Bitcoin, according to TradingBeats, formerly Hyperinsight. The tracker said Huang had just closed his second BTC long, a $24.3 million position, for a relatively small loss of $165,000.
At the same time, Huang increased his Ethereum long to $75 million. The position was opened at $2,370 and was showing an unrealized profit of $1.96 million at the time of the update. TradingBeats also reported that he continues to hold a HYPE long valued at about $19.85 million, with an average entry price of $79.4, as well as a PUMP long worth roughly $4.87 million.
The update points to a clear change in positioning during the session: Bitcoin longs were closed after back-to-back failed attempts, while exposure to ETH was increased and remained in profit. The figures cited were attributed directly to TradingBeats monitoring data cited by BlockBeats.
Jeffrey Huang, known in crypto circles as Machi Big Brother, closed his second 40x Bitcoin long on Aug. 23 after two failed attempts to go long BTC, according to TradingBeats, formerly Hyperinsight.
The second BTC long had a position size of $24.3 million. TradingBeats said Huang closed it for a loss of $165,000.
He then increased his Ethereum long to $75 million. The ETH position had an entry price of $2,370 and was showing an unrealized profit of $1.96 million at the time of the update.
TradingBeats also said Huang still holds a HYPE long valued at about $19.85 million, with an average entry price of $79.4. In addition, he holds a PUMP long worth about $4.87 million.
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