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Machi Big Brother Holds $29 Million Ether Long as ETH Rises 8%

The trader’s $29 million Ether long remained in profit, while Hyperinsight said separate Bitcoin and HYPE long positions were also positive and cumulative Hyperliquid losses narrowed to $26.4 million.

BTC
ETH
HYPE

Summary

Machi Big Brother was reported to be holding a $29 million long position in Ether opened at $2,195, with the trade showing more than $2 million in unrealized profit as ETH rose. On April 14, Hyperinsight said his Bitcoin long was up $116,100 and his HYPE long was up $54,000. The update also said his total historical loss on Hyperliquid had narrowed to $26.4 million.

Terms & Concepts
  • Long position: A trade designed to profit if the price of an asset increases above the entry level.
  • Unrealized profit: A gain on an open position that exists on paper and is not locked in until the trade is closed.
  • Hyperliquid: A decentralized perpetual futures trading platform where users can take leveraged crypto positions on-chain.