'Machi' About to Liquidate BTC Long Position at a Loss of $1.3 Million

BlockBeats News, September 8: According to TradingBeats data, "Machi Big Brother" Jeffrey Huang is about to liquidate his 40x BTC long position, which currently holds only 23 BTC. Notably, this long position once reached an unrealized profit of up to $1.6985 million on September 4. At that time, he held approximately 553 BTC with an average entry price of around $79,196.5, while BTC's hourly high was about $82,268. This round of BTC long trading has resulted in a loss of approximately $1.0371 million, with cumulative trading fees of about $167,800 and funding costs of around $79,900. If the position is fully closed at this moment, the entire round is expected to end with a total loss of approximately $1.308 million.