Machi Big Brother holds more than $100 million in ETH longs after $1.96 million loss

  • Machi Big Brother partially closed an ETH long after a market decline and realized a $1.96 million loss.
  • The wallet currently holds 41,000 ETH valued at $100.01 million, alongside 75,000 HYPE and 45 Bitcoin.
  • An earlier snapshot showed more than $1.608 million in unrealized losses and return on investment near -35% across leveraged longs.

Machi Big Brother, the alias of Huang Licheng, holds 41,000 ETH worth $100.01 million, 75,000 HYPE worth $6.03 million and 45 Bitcoin worth $3.5 million, according to Lookonchain. The wallet, identified as 0x020...5872 and associated with 0x020ca66c30bec2c4fe3861a94e4db4a498a35872, was described as the largest on-chain ETH long after Machi partially closed the position following a market decline, realizing a $1.96 million loss. In an earlier PANews report citing on-chain monitoring, his leveraged long portfolio had turned from profit to loss, with unrealized losses exceeding $1.608 million and return on investment near -35%, including approximately $952,000 on a 25x Ethereum long, $345,000 on a 40x Bitcoin long and $311,000 on a 10x HYPE long. The differing figures reflect subsequent position changes and the distinction between realized losses from the partial close and unrealized losses on remaining positions.

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