Machi Big Brother Opens $113M BTC and ETH Long Positions After Previous Loss

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BTC
$78,826.20-0.03%
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ETH
$2,446.46-1.33%
AI summary iconSummary
Machi Big Brother opened an $113M long position in BTC and ETH after a recent drawdown reduced his balance below $60,000. His current holdings include 668 BTC and 23,350 ETH, valued at $54M and $59M, respectively. BTC prices remain volatile, and the leveraged position is at risk of liquidation if the Fear & Greed Index drops sharply.
CoinDesk reports:

After Machi Big Brother's account balance previously fell below $60,000, he has reopened leveraged long positions of approximately $113 million in Bitcoin and Ethereum. On-chain data shows this position is substantial, bringing his trades back into the market's spotlight.

Position Details

He currently holds approximately 668 BTC, valued at around $54 million, and approximately 23,350 ETH, valued at around $59 million. The combined value of both positions is approximately $113 million.

Market meaning

This trade indicates that, after previous losses, he shifted to betting on further gains in BTC and ETH. Due to the use of leverage, the position is highly sensitive to price fluctuations.

Risk points

If Bitcoin or Ethereum experiences a significant decline, positions may come under rapid pressure and trigger liquidation.

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