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Machi Closes Bitcoin Long Positions After $192,000 Loss, Ending 13-Trade Win Streak

Machi Closes Bitcoin Long Positions After $192,000 Loss, Ending 13-Trade Win Streak

According to Lookonchain (blockchain analytics platform), the trader exited all Bitcoin long positions after a market drop, bringing his reported 13-win streak to an end on April 12.

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Fact Check

The claim is supported by two fetched reports with matching details: PANews states that on April 12, citing Lookonchain, Machi's 13-win streak ended after he closed all Bitcoin long positions for a roughly $192,000 loss, and Bitget News reports the same facts while attributing them to BlockBeats and Lookonchain. PANews also links directly to the specific Lookonchain X post at https://x.com/lookonchain/status/2043150096242737531, and Odaily media tracing independently surfaced that same X source URL, strengthening provenance. Confidence is medium rather than high because the X post itself could not be fetched successfully in this run, and one other traced Odaily source led only to an unhelpful Hyperbot landing page.

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Terms & Concepts
  • Bitcoin long positions: Trades that profit if Bitcoin’s price rises and lose value when the market falls.
  • Blockchain analytics: The use of on-chain data to track wallet activity, transactions, and trading behavior across crypto markets.