Odaily Planet Daily reports, according to Lookonchain monitoring, Machi Big Brother (@machibigbrother, 0x020...872) has been liquidated again. To raise additional funds for his ETH long position, he sold Bored Ape #6801 for 8.61 ETH two hours ago; the NFT was originally purchased three years ago for 23.5 ETH, resulting in a loss of 14.89 ETH, approximately $28,000.
Machi Big Brother sells Bored Ape 6801 to maintain an ETH long position, incurring a loss of 14.89 ETH.
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Summary
Machi Big Brother executed a position trade by selling Bored Ape 6801 for 8.61 ETH to fund his ETH long position. The NFT was purchased three years ago for 23.5 ETH, resulting in a 14.89 ETH loss, or approximately $28,000. Technical analysis for crypto suggests this trade reflects a strategic reallocation of portfolio assets. The sale underscores the risks of holding high-cost NFTs in a volatile market.
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