Recently, the cryptocurrency market has performed quite well. As the market becomes active again, well-known crypto trader and early NFT investor Machi Big Brother (Huang Licheng) has re-entered the market to go long. According to Onchain Lens monitoring, Machi Big Brother has increased his Ethereum (ETH) long position and simultaneously opened a Bitcoin (BTC) HYPE long position.
Machi Big Brother Goes Long on BTC, ETH, and HYPE
His current positions and unrealized profits are as follows:
- 25x leverage long on ETH: unrealized profit of $1.42 million (148%)
- 40x leverage long on BTC: unrealized profit of $19,000 (25%)
- 10x leverage long on HYPE: unrealized loss of $166 (-0.07%)
With his never-give-up spirit, can Machi Big Brother successfully recover from his losses this time?
As an early crypto enthusiast, Machi Big Brother has always been optimistic about the future of cryptocurrencies. However, since the crypto market plummeted after October last year, his crypto assets have faced significant losses, and he has been forced to liquidate multiple times. Yet, he remains resilient and continues to re-enter the market to go long.
(Bitcoin dropped to $65K, and Machi Big Brother was liquidated again)
Although Machi Big Brother currently has an unrealized profit of over $1.4 million, he still needs $27.2 million to break even since entering the market last June. Even Onchain is asking: can he succeed this time?
This article about Machi Big Brother re-entering the market to go long on BTC, ETH, and HYPE first appeared on Chain News ABMedia.
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