ME News reports that on August 5 (UTC+8), according to Lookonchain, Machi (@machibigbrother) purchased Bored Ape #5670 five years ago for 85 ETH and sold it today for only 9 ETH, resulting in a loss of 76 ETH, approximately $142,000, or 89.4%. Subsequently, he used the proceeds to maintain a long position in ETH. His current position stands at 3,450 ETH, valued at $6.44 million, with a liquidation price of $1,839.37. (Source: ODAILY)
Machi sells Bored Ape 5670 after five years, incurring a 76 ETH loss and maintaining a $6.44M ETH long position.
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Summary
Machi sold Bored Ape 5670 on August 5 (UTC+8) after holding it for five years, incurring a 76 ETH loss. He purchased it for 85 ETH and sold it for 9 ETH, representing an 89.4% decline. The proceeds were used to support a long position in ETH. His current position stands at 3,450 ETH, valued at $6.44 million. The ETH price remains a key focus for traders, with a liquidation price set at $1,839.37. ETH analysis shows mixed short-term signals.
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