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Machi Big Brother's On-Chain Funds Slip to $8.8M as ETH Longs Face Stop-Losses
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News EditorChainCatcher reports that on-chain analyst Ember tracked Machi Big Brother's funds falling from $11.15 million to $8.8 million while BTC and ETH held a high-level range. Ember said frequent stop-losses during the small price dip caused the drop. Machi Big Brother's ETH long has an entry price of $2,463 and a liquidation price of $2,307.
ChainCatcher reports that on-chain analyst Ember has been monitoring Machi Big Brother's funds. Over the past few days, while BTC and ETH traded in a high range, those funds fell from $11.15 million to $8.8 million.
Ember attributed the decline to repeated stop-losses and position reductions during the small downward move. Machi Big Brother's ETH long position has an entry price of $2,463 and a liquidation level of $2,307.
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