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Jeffrey Huang, the Taiwanese singer known as Machi Big Brother, is sitting on an unrealized loss of $100,000 as the crypto market undergoes a short-term correction. Huang had been up about $4 million on paper, but the latest pullback pushed the position into the red.
Huang has continued to increase long positions in ETH and HYPE while trimming a BTC long position. Huang currently holds a 25x long on 37,500 ETH, a 40x long on 125 BTC, and a 10x long on 213,000 HYPE.