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Machi Big Brother Builds $113M Bitcoin and Ethereum Long Positions

Published by
Qadir AK

Crypto trader Machi Big Brother has opened about $113 million in leveraged long positions in Bitcoin and Ethereum after his account balance previously fell below $60,000. His positions include 668 BTC worth about $54 million and 23,350 ETH worth about $59 million, according to on-chain data. The move shows he is betting on further gains after recovering sharply from earlier losses. However, the positions carry significant liquidation risk because they use leverage. Any sharp decline in Bitcoin or Ethereum could quickly turn the trade against him and trigger forced liquidations

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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