Machi Big Brother Reduces BTC Long Position by 40x Leverage, Realizes $320K Loss

News Editor

2026-09-08 06:42:10

As of 14:30 on September 8, Machi Big Brother (Jeffrey Huang) reduced his BTC long position from about 541 BTC to 50 BTC, scaling down to approximately $4 million. The unwinding saw cumulative sell-offs of 575.07 BTC with partial buybacks of 91 BTC, resulting in a net realized loss of $320,000 including fees. The remaining position shows a floating loss of $47,400.

Huang's BTC Long Position Shrinks Amid $320K Loss

Odaily says that, as of 14:30 on September 8, Machi Big Brother (Jeffrey Huang) had cut his BTC long from about 541 BTC the night before to just 50 BTC, a net drop of roughly 491 BTC. What’s left is worth about $3.9174 million, carries 40x leverage, has an average entry price of $79,294.9, and shows an unrealized loss of $47,400.

From last night into today, during that cutback, he sold a combined roughly 575.07 BTC and bought back about 91 BTC. The sell-offs locked in losses too: $30,560 from the price gap and $14,400 in fees, bringing the net realized loss to $320,000. So yes, his BTC long position size fell hard, from roughly $43 million to around $4 million.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

600

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.