Post
Binance News
·
--
Crypto Whale Brother Machi Closes All Bitcoin Longs, Trims Leveraged Ethereum Position to $31.6 Million
Prominent crypto whale Huang Licheng, widely known in the community as "Brother Machi," has closed all of his Bitcoin long positions and is actively trimming a leveraged Ethereum bet, according to on-chain data cited by Hyperbot.
Machi exited his Bitcoin longs approximately 30 minutes prior to the report. He currently maintains a 25x leveraged long position in Ethereum consisting of 14,250 ETH, valued at roughly $31.6 million, though the position is being reduced on an ongoing basis.
Machi exited his Bitcoin longs approximately 30 minutes prior to the report. He currently maintains a 25x leveraged long position in Ethereum consisting of 14,250 ETH, valued at roughly $31.6 million, though the position is being reduced on an ongoing basis.