TradingBeats data showed that Huang Licheng, better known in crypto circles as "Machi Big Brother," reshuffled his leveraged long positions over the past two hours. Between 19:41 and 21:13 Beijing time, the address sold about 9,575 ETH for roughly $23.23 million, then bought back around 2,000 ETH worth about $4.85 million between 21:36 and 21:41, leaving a net reduction of about 7,575 ETH in long exposure. During the same period, the address also reduced roughly 58,500 HYPE longs worth about $4.8 million and sold the remaining 68 BTC long position, valued at about $5.25 million, between 20:07 and 20:39. The account now holds no BTC position. As of publication, the address still held a 25x long of 33,000 ETH valued at about $80.33 million, showing an unrealized loss of about $872,000, alongside a 10x long of 86,000 HYPE worth about $6.96 million with an unrealized loss of about $425,100.
BlockBeats reported on Sept. 10 that, according to TradingBeats monitoring, Huang Licheng, known as "Machi Big Brother," concentrated on adjusting his long positions over the past two hours.
From 19:41 to 21:13 Beijing time, the address sold about 9,575 ETH in batches, with total transaction value of about $23.23 million. It then added back about 2,000 ETH between 21:36 and 21:41, worth about $4.85 million, leaving a net reduction of roughly 7,575 ETH in its ETH long position.
Over the same stretch, the address also reduced about 58,500 HYPE longs, with transaction value of about $4.8 million. It also sold the remaining 68 BTC long position in batches between 20:07 and 20:39, worth about $5.25 million. The address currently has no BTC holdings.
As of publication, the address still held a 25x long position of 33,000 ETH, valued at about $80.33 million, with an unrealized loss of about $872,000. It also held a 10x long position of 86,000 HYPE, valued at about $6.96 million, with an unrealized loss of about $425,100.
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