'Machi' Increases Ethereum Long Position to $3.2 Million, Only $110,000 Left in Account

BlockBeats News, March 3, according to HyperInsight monitoring, "Machi Big Brother" Jeff Huang has just increased his Ethereum 25x long position to a nominal value of $3.2 million, with an opening average price of $2,024.42. The Machi account now has only $110,000 remaining. Since last September, when Ethereum was priced at $4,700, he has been consistently going long. Since the end of February, his replenishment funds have come from assets he deposited into the PleasrDAO treasury five years ago, which may indicate that Machi's available liquid funds are nearing depletion. Currently, Machi's total account losses over the past six months amount to as much as $74 million.