According to monitoring data from TradingBeats (formerly Hyperinsight), as of August 29, the wallet address tied to Jeffrey 'Machi' Huang, also known as 'Machi Big Brother,' still holds approximately 41,000 ETH, valued at around $100 million. That makes it the largest ETH long position currently tracked on-chain. During the latest market pullback, the trader closed out part of his ETH long roughly seven hours ago, booking a loss of about $1.96 million on the trimmed position. His remaining main holdings include 41,000 ETH worth roughly $100.01 million, 75,000 HYPE tokens worth approximately $6.03 million, and 45 BTC worth around $3.5 million. The data was published by BlockBeats, citing TradingBeats, which monitors on-chain wallet activity. While the size of the closed position has not been disclosed, the realized loss was approximately $1.96 million. Huang's status as the largest on-chain ETH bull appears to remain intact, though his exposure has been reduced slightly. This development comes amid a broader market correction that has pressured leveraged long positions across major cryptocurrencies.
BlockBeats reported on August 29 that data from TradingBeats (formerly Hyperinsight) shows the wallet address of Jeffrey 'Machi' Huang, also known as 'Machi Big Brother,' still holds about 41,000 ETH, worth roughly $100 million. That makes it the largest ETH long position currently tracked on-chain.
In the latest market pullback, Machi closed part of his ETH long about seven hours ago. The move produced a loss of approximately $1.96 million, per the monitoring data. His wallet's main holdings now include 41,000 ETH (around $100.01 million), 75,000 HYPE (around $6.03 million), and 45 BTC (around $3.5 million). The figures highlight how much of his on-chain portfolio remains tied to ETH despite the recent reduction.
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