Machi Holds Over $100M in ETH Long Position, Largest on Chain

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Machi holds over $100 million in ETH long positions, the largest on-chain data shows. On-chain analysis reveals he closed part of the position 7 hours ago, incurring a $1.96 million loss. He now holds 41,000 ETH ($100.01 million), 75,000 HYPE ($6.03 million), and 45 BTC ($3.5 million).

According to Lookonchain, Machi currently holds over $100 million in ETH long positions, making it the largest on-chain ETH bull. As the market declined, Machi closed part of its position with a loss 7 hours ago, resulting in a $1.96 million loss. Its current holdings include 41,000 ETH (approximately $100.01 million), 75,000 HYPE (approximately $6.03 million), and 45 native BTC assets (approximately $3.5 million).

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