'Machi' Closes Bitcoin Long Position, Losing $327,000

BlockBeats reports that on September 8, according to monitoring by TradingBeats (formerly Hyperinsight), 'Machi Big Brother' Huang Licheng closed his approximately 610 BTC Bitcoin long position an hour ago, incurring a loss of about $327,000. The value of his long position has dropped to approximately $11.2 million, with an unrealized loss of about $867,000.