BAYC Whale Trading: Machi Big Brother’s Astounding Ethereum Longs Unveiled
Main Idea
Jeffrey Huang, known as Machi Big Brother, made significant high-leverage crypto trades, including a 25x Ethereum long position and a 5x HYPE long, highlighting the risks and dynamics of large-scale crypto trading.
Key Points
1. Jeffrey Huang opened a 25x Ethereum long position with 11,545 ETH, valued at approximately $54.23 million, at a price of $4,736.93 per ETH.
2. He also initiated a 5x HYPE long with 10,000 HYPE tokens, purchased at $46.58 each.
3. High-leverage trades like 25x amplify both potential profits and risks, as losses can exceed the initial investment due to liquidation.
4. Jeffrey Huang has a track record of successful trades, previously earning around $33.83 million from similar high-leverage positions.
5. On-chain analysts track such trades using public blockchain data, which records every transaction transparently.
Description
BitcoinWorld BAYC Whale Trading: Machi Big Brother’s Astounding Ethereum Longs Unveiled The world of cryptocurrency is always buzzing with significant moves, and recently, all eyes are on a prominent figure making waves with substantial trades. We’re talking about the latest high-profile BAYC whale trading activity, specifically from renowned Taiwanese musician and Bored Ape Yacht Club (BAYC) holder, Jeffrey Huang, widely known as Machi Big Brother. What’s the Buzz Around Machi Big Brother’s Eth...
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