Taiwanese celebrity investor Jeffrey Huang, known in crypto circles as "Machi Big Brother," has seen his Ethereum long position cut sharply as ETH continued to decline, according to TradingBeats monitoring cited by BlockBeats on Oct. 8. The position, previously valued at about $92.88 million, has been reduced through ongoing liquidations to just $20 million. Data cited in the report shows the remaining position has an entry price of $2,626.94 and a liquidation price of $2,404.85, while ETH was last quoted at about $2,432 at the time of publication. The report also said Huang’s account equity had dropped to $640,000, with the full amount being used as margin for the ETH long. Over the past seven days, the account recorded a loss of $7.45 million. The update reflects continued pressure on the position as Ethereum trades close to the liquidation threshold given in the monitored data.
Jeffrey Huang, better known in crypto markets as "Machi Big Brother," has seen his Ethereum long position reduced to $20 million after continued liquidations tied to ETH’s ongoing decline, according to TradingBeats monitoring cited by BlockBeats on Oct. 8.
The report said Huang had been holding an ETH long worth about $92.88 million before the position was steadily cut back. The remaining position carries an entry price of $2,626.94 and a liquidation price of $2,404.85.
ETH was quoted at about $2,432 at the time of the update. TradingBeats data cited in the report also showed that Huang’s account equity had fallen to $640,000, with the entire amount being used as margin for the ETH long. Over the past seven days, the account recorded a loss of $7.45 million.
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