Machi Brother Holds Over $100M ETH Long Position, Largest On-Chain ETH Bull

On August 29, according to Lookonchain monitoring, Machi currently holds over $100 million in ETH long positions, becoming the largest ETH bull on-chain.

As the market declined, Machi closed out part of its position at a loss 7 hours ago, losing $1.96 million. Its current holdings include 41,000 ETH (approximately $100.01 million), 75,000 HYPE (approximately $6.03 million), and 45 BTC native assets (approximately $3.5 million).

[TechFlow]