Machi's long position shrinks to $95.16 million as ETH, BTC cut and HYPE raised
- —Machi's total long position shrank to $95.16 million
- —ETH long $67.75 million, BTC long $15.02 million, HYPE long $12.44 million
- —Estimated P&L: ETH +$1.81 million, BTC -$30,000, HYPE -$160,000
- —Entry prices: ETH $2,526.46, BTC $80,923.4, HYPE $92.64
Why it matters: A large trader trimming ETH and BTC exposure while adding HYPE signals rotation in favor of the Hyperliquid token.
Source: TokenPost