Crypto trader Machi, known on X as @machibigbrother, has closed long positions in HYPE, BTC and PUMP as the market fell, according to a post cited by Techub from on-chain tracker Lookonchain. After cutting those positions, Machi shifted into a fully concentrated long bet on Ether.
Lookonchain said Machi now holds 29,000 ETH with a reported value of about $73.64 million. The position’s liquidation price was listed at $2,486.33. The update frames the move as a stop-loss rotation out of several long trades and into a single ETH long position.
No other position details were disclosed in the source. The report identifies the move as taking place during a broader market decline and attributes the information to Lookonchain’s post on X.
Crypto trader Machi (@machibigbrother) has closed long positions in HYPE, BTC and PUMP as the market declined, according to Techub, which cited a post from on-chain tracker @Lookonchain on X.
After exiting those trades to stop losses, Machi shifted into a full ETH long position. Lookonchain said the trader currently holds 29,000 ETH worth about $73.64 million, with a liquidation price of $2,486.33.
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