"Machi" High-Leverage Rolling Position Hit by Choppy Market, Account Down $2.35M, Still Holds $114M Long Position

On August 30, according to on-chain analyst Ember's monitoring, "Machi Big Brother" Huang Licheng's high-leverage rolling position strategy heavily relies on a one-way rising market. Once the market shifts to consolidation or declines, even slight downward fluctuations can trigger stop-losses and forced position reductions, leading to continuous account erosion.

Over the past few days, BTC and ETH have both been consolidating at highs with little overall price change, but Machi Big Brother's account funds have dropped from $11.15 million to $8.8 million, a decrease of approximately $2.35 million, mainly due to frequent stop-loss position reductions during minor price pullbacks. Currently, his long position value stands at approximately $114 million, of which about $100 million is in ETH longs with an entry price of $2,463 and a liquidation price of $2,307. If ETH continues its one-way rally, leverage will amplify gains; if it remains range-bound or turns downward, he may be forced to reduce positions again and give back the roughly $11 million in gains from the previous uptrend.

[BlockBeats]