Machi Big Brother opens 40x Bitcoin long worth about $8.31 million

  • Huang Licheng opened a 40x leveraged long position in 99.7 BTC.
  • The position was opened at $83,007 and valued at about $8.31 million.
  • Machi Big Brother's historical losses totaled $29.22 million, according to Onchain Lens.

Huang Licheng, also known as Machi Big Brother, opened a 40x leveraged long (a position using 40 times leverage) at $83,007 for 99.7 BTC, valued at about $8.31 million. The position showed an unrealized profit of $34,900. His total long positions stood at $127.33 million, with an unrealized loss of $43,800, while cumulative historical losses were $29.22 million, according to monitoring by Onchain Lens cited by PANews on Sept. 28.

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