Big Brother's Crypto Bets Go Sour with $1.608 Million Loss

Machi Big Brother Huang Licheng's investment return rate has plummeted to around negative 35% according to Hyperbot data. This downturn follows a brief drop in the crypto market, which led to significant losses for his leveraged long positions.

The Ethereum 25x leveraged long position suffered an unrealized loss of $952 thousand US dollars, while the Bitcoin 40x leveraged long saw an unrealized loss of approximately $345 thousand US dollars. Additionally, his HYPE 10x leveraged long had an unrealized loss of about $311 thousand US dollars.

The total floating loss exceeds $1.608 million as a result of these losses. It is essential to note that the content of this article solely reflects the author's opinion and does not represent Bitget in any capacity.