Huang Takes Big Bets on BTC and ETH with 40x Leveraged Longs

Jeffrey Huang, also known as Machi Big Brother in the crypto community, has made significant leveraged bets on Bitcoin and Ethereum. According to data from Hyperbot, he has opened a 40x leveraged long position on BTC, consisting of 155 units valued at approximately $12.08 million, with an average entry price of $77,959.5 and a liquidation price of $50,000.

The same data shows that Huang also holds a 25x leveraged long position on Ethereum, totaling around $100 million in value, with an average entry price of $2,455.55 and a liquidation price of $2,323.

These positions are substantial and carry significant risk, as they can be triggered for liquidation by even slight market fluctuations. In the case of the BTC trade, the liquidation price is set at $50,000, which is about 36% below the entry price.