"Machi" closes 1,225 BTC longs after $2.46 million one-day loss

"Machi" has fully closed 1,225 BTC long positions, recording a loss of $2.46 million over nearly one day, according to TradingBeats, formerly known as Hyperinsight. The address's total holdings value has fallen to $85 million. It still holds 27,500 ETH worth about $65.428 million and 250,000 HYPE worth about $19.595 million. The ETH position has an unrealized profit of approximately $666,300, while the HYPE position has an unrealized loss of about $257,000, leaving the two positions with combined unrealized gains of roughly $409,300.

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