Machi Big Brother Cuts Bitcoin Long Position to About 50 BTC, Realizing a Loss

On September 8, Tradingbeats monitoring showed that Machi Big Brother, Huang Licheng, reduced his BTC long position to 50 BTC by 14:30, down from about 541 BTC the previous night, a net cut of about 491 BTC. According to BlockBeats On-chain Detection, the remaining position was valued at about $3.9174 million, used 40x leverage, had an average opening price of about $79,294.9, and showed an unrealized loss of about $47,400. From the reduction period since last night, he has closed about 575.07 BTC in total and added back about 91 BTC, with combined profit and loss from the closing prices resulting in a loss of about $305,600. After including about $14,400 in fees, the net realized loss was about $320,000. Overall, Machi Big Brother sharply reduced his BTC long position from about $43 million to about $4 million and confirmed a loss during the latest round of deleveraging.