'Machi' $4 million in unrealized gains wiped out, now facing $100,000 unrealized loss, frequently adding to ETH and HYPE long positions.
September 23, according to TradingBeats monitoring, the crypto market experienced a short-term pullback. The address of "Machi Big Brother" Huang Licheng had previously accumulated $4 million in unrealized gains, which have now been completely wiped out, with a current unrealized loss of $100,000. He has been frequently adding to long positions in ETH and HYPE while reducing long positions in Bitcoin. The current positions are as follows:
· 25x long on 37,500 ETH, average entry price $2,657.22, liquidation price $2,534.73, unrealized gain $44,000;
· 40x long on 125 BTC, average entry price $83,886.90, liquidation price $47,354.66, unrealized gain $45,000;
· 10x long on 213,000 HYPE, average entry price $94.04, liquidation price $70.61, unrealized loss $196,800.