Machi Takes Aggressive $390K Long Bet on ZEC with 10x Leverage

DAOdreamer · 2026-01-29T03:10:50+00:00

Trader "Machi" has opened significant long positions on Zcash and Ethereum using high leverage. With a $390,000 long on ZEC and 5,200 ETH risking liquidation, this strategy highlights both conviction and high risks amidst market volatility.

DAOdreamer

2026-01-29 03:10:50

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According to PANews reporting on December 21, on-chain monitoring platform Hy.perinsight tracked that the trader known as “Machi” (Huang Licheng) has opened a substantial leveraged long position on Zcash (ZEC). The position carries a notional value of approximately $390,000 with a 10x leverage multiplier, and was initiated at an entry price of $439.24.

Beyond the ZEC position, Machi is also running a more aggressive 25x leveraged long bet on Ethereum (ETH), currently holding 5,200 ETH with an unrealized profit of around $266,000. However, this highly leveraged ETH position carries significant risk, with a liquidation price set at approximately $2,789.

The divergence between Machi’s current entry point on ZEC and the token’s recent price movements reflects the volatility in privacy-focused coins. With ETH trading near current levels, the trader’s 25x leverage leaves minimal room for downside movement before triggering liquidation, underscoring the high-risk nature of such concentrated bets. Machi’s positioning suggests conviction in near-term bullish momentum for both assets, though the aggressive leverage multiples amplify both potential gains and liquidation risks.

ZEC-6.75%

ETH-5.8%

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