Trader Machi Big Brother holds $151M in longs with leverage
- —Three longs worth $151.17M against an account balance of $5.95M
- —39,800 ETH with 25x leverage worth $100M — the largest position
- —569 BTC with 40x leverage worth $44.14M and 88,000 HYPE worth $7.03M
- —Over the week, BTC fell 2.5%, HYPE dropped 7.3%, and ETH rose 0.6%
Why it matters: The high concentration of heavily leveraged longs makes the positions vulnerable to a market downturn and the Federal Reserve meeting on September 16.
Source: BeInCrypto AR