A wallet identified by TradingBeats as belonging to Machi Bro, address 0x020...5872, reduced long exposure throughout Sept. 15, with cumulative closed volume reaching about $125 million by transaction value. The address repeatedly added back to positions during the day, but the running total of reductions still came to a substantial figure.
TradingBeats said the wallet cumulatively trimmed around 697 BTC worth about $53.41 million, 26,315 ETH worth about $64.64 million, and 88,750 HYPE worth about $7.03 million. The heavier selling came later in the day. During that stretch, the BTC long was cut from about 369 BTC to zero, while the ETH long was reduced from nearly 40,000 ETH to 20,000 ETH.
As of publication, the address no longer held any BTC or HYPE positions. It was left with a 25x leveraged long in 20,000 ETH valued at roughly $47.93 million, showing an unrealized loss of about $1.84 million.
According to TradingBeats monitoring cited by BlockBeats on Sept. 15, a wallet labeled as belonging to Machi Bro, 0x020...5872, kept reducing its long positions through the day. The address added back to positions several times during the session, but based on cumulative closed transaction value, total reductions reached about $125 million.
TradingBeats data showed the wallet cumulatively cut about 697 BTC, with transaction value of roughly $53.41 million; about 26,315 ETH, worth around $64.64 million; and about 88,750 HYPE, worth about $7.03 million.
The concentration of position cuts picked up later in the day. The wallet's BTC long was reduced step by step from about 369 BTC to zero, while its ETH long was lowered from nearly 40,000 ETH to 20,000 ETH.
As of publication, the address no longer held BTC or HYPE positions. It only retained a 25x leveraged long in 20,000 ETH, valued at about $47.93 million, with an unrealized loss of around $1.84 million.
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