Machi Big Brother’s $79.16 Million Crypto Long Book Slips From Gain to Loss

Arkham states that Machi Big Brother closed his 12,888.88 HYPE long and cut 40x leveraged Bitcoin and 25x leveraged Ethereum longs, leaving positions worth about $76.47 million with a 16.24% loss.

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HYPE

Summary

Arkham states that Machi Big Brother has reduced his crypto long exposure after closing his 12,888.88 HYPE long and trimming 40x leveraged Bitcoin and 25x leveraged Ethereum longs. His remaining positions are now worth about $76.47 million and show a negative return of 16.24%, extending the earlier shift from floating gains into loss. Previous snapshots had valued the book at $79.16 million, including 555 BTC worth $42.76 million, 15,600 ETH worth $35.85 million, and 12,888.88 HYPE worth $533,000, while an earlier Arkham report put Bitcoin and Ethereum longs at a combined $86 million and said he had lost $73.44 million in crypto trades over the prior six months. Despite the current floating loss after recent market declines, he reportedly recorded 11 profitable closes out of 13 in the past week.

Terms & Concepts
  • Long position: A trade designed to profit from a rise in an asset’s price; if the price falls, the position incurs losses.
  • Leverage: The use of borrowed capital to increase market exposure, which can amplify both gains and losses.
  • Bitcoin and Ethereum: The two largest cryptocurrencies by market capitalization and common benchmarks for broader crypto market sentiment.