Machi Big Brother, also known as Jeffrey Huang, is continuing to reduce his Ethereum long position, according to monitoring data cited by BlockBeats on Oct. 8. TradingBeats tracked the position at roughly $92.88 million, with the size now cut to $60 million. The entry price was listed at $2,636.64, while the liquidation price stood at $2,470.73. ETH was last quoted at about $2,521 at the time of the update. TradingBeats also showed that the account’s current net asset value was $2.32 million, and that the full amount was being used as margin for the ETH long. The update focused on the ongoing position reduction and the account’s remaining buffer relative to the liquidation level.
BlockBeats reported on Oct. 8, citing TradingBeats monitoring data, that Machi Big Brother, Jeffrey Huang, was continuing to unwind an Ethereum long position previously valued at about $92.88 million. The position has now been reduced to $60 million.
The entry price for the trade was $2,636.64, and the liquidation price was listed at $2,470.73. ETH was quoted at about $2,521 at the time of the update.
TradingBeats also showed that the account’s current net asset value stood at $2.32 million, with the entire amount being used as margin for the ETH long.
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.
