Still selling Bored Apes to fund his ETH longs.
Machibigbrother sold another 3 Bored Apes today for 27.42 ETH (about $44K). He took a 25 ETH ($40K) loss on the sale, but it looks like the goal is clear: raise more capital to keep betting on ETH.
He currently holds a 2,600 ETH long worth around $4.2M, with a liquidation price of $1,596.69.
Selling NFTs at a loss to add to a leveraged ETH position is a bold move. Now it all comes down to whether ETH bounces before that liquidation level is tested.
Address: 0x7ec1b36c5293f3c7c9f10b9f2d06f6a5dbe3b6d8
Machibigbrother sold another 3 Bored Apes today for 27.42 ETH (about $44K). He took a 25 ETH ($40K) loss on the sale, but it looks like the goal is clear: raise more capital to keep betting on ETH.
He currently holds a 2,600 ETH long worth around $4.2M, with a liquidation price of $1,596.69.
Selling NFTs at a loss to add to a leveraged ETH position is a bold move. Now it all comes down to whether ETH bounces before that liquidation level is tested.
Address: 0x7ec1b36c5293f3c7c9f10b9f2d06f6a5dbe3b6d8