Jeffrey Huang’s $48M 25x ETH Long: Unrealized Gains Amid Turbulent Trading History

BitcoinWorld Jeffrey Huang’s $48M 25x ETH Long: Unrealized Gains Amid Turbulent Trading History Taiwanese singer and entrepreneur Jeffrey Huang, widely known in crypto circles as Machi Big Brother, is currently holding a substantial leveraged Ethereum position that has moved in his favor.

According to data from AmberCN, Huang’s 25x long on ETH is valued at approximately $48.22 million, with an entry price of $2,097 and a liquidation price of $2,253. As of the latest data, he is sitting on an unrealized gain of about $3.34 million.

Context of Huang’s Trading Activity This profitable position stands in contrast to Huang’s broader trading record. By the end of last month, he had accumulated cumulative losses exceeding $80 million, according to public on-chain data and reports.

These losses have been largely attributed to a series of high-leverage trades and volatile market conditions. To manage his positions and raise collateral, Huang has also sold Bored Ape Yacht Club (BAYC) NFTs at a steep loss.