Trader Machi Huang Closes $1.85M BTC Long, Opens $3.1M Leveraged ETH Position
Trader Machi Huang fully closed a BTC long position worth approximately $1.85M and redirected the capital into ETH longs on Jan. 29, adding roughly 1,200 ETH valued at around $3.1M, Hyperinsight data show. His 25x leveraged ETH long exposure increased to approximately $28.88M with an average entry of $2,977, and the position currently shows an unrealized loss of about $300,300. Huang also holds a 10x leveraged HYPE long position with a size of roughly $1.09M.