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Taiwanese singer Jeffrey Huang, better known as Machi Big Brother, cut part of his ETH and BTC long positions as their liquidation prices drew closer, on-chain analyst EmberCN said.
EmberCN said ETH was about $50 away from its liquidation price and BTC was about $1,800 away. Huang had repeatedly added to the long positions during the earlier price surge, increasing his capital from $150,000 to $11 million, but the recent pullback reduced it to about $4.5 million, EmberCN said. According to Hypurrscan data, Huang currently holds a $93.53 million ETH long and a $35.02 million BTC long.