Jeffrey Huang Takes $12.1M 40x Leveraged BTC Long, Data Shows

BitcoinWorld Jeffrey Huang Takes $12.1M 40x Leveraged BTC Long, Data Shows Taiwanese singer and entrepreneur Jeffrey Huang, widely known as Machi Big Brother in the crypto community, has opened a 40x leveraged long position on Bitcoin, according to data from Hyperbot.

The position amounts to 155 BTC, valued at approximately $12.08 million, with an average entry price of $77,959.5 and a liquidation price of $50,000.

Details of the BTC and ETH Positions In addition to the Bitcoin trade, Huang is also holding a 25x leveraged long position on Ethereum. That position consists of 41,150 ETH, worth around $100 million, with an average entry price of $2,455.55 and a liquidation price of $2,323.

The data, sourced from Hyperbot, indicates that these are substantial leveraged bets in the current market environment. Context and Market Implications Leveraged positions of this size carry significant risk.