"Machi" struggles against pullback, cuts BTC long positions, with scale now only 10% of previous levels.

BlockBeats News, September 8 - According to TradingBeats monitoring, as of 14:30 on September 8, "Machi Big Brother" Huang Licheng's BTC long position has dropped from approximately 541 BTC last night to 50 BTC, with a net reduction of about 491 BTC. The remaining position is valued at approximately $3.9174 million, with 40x leverage, an average entry price of about $79,294.9, and an unrealized loss of roughly $47,400.

During the position reduction phase from last night to now, he has closed out a total of approximately 575.07 BTC, while re-adding about 91 BTC in the interim. The combined profit and loss from closing positions amounts to a loss of approximately $305,600. After accounting for about $14,400 in fees, the net realized loss stands at roughly $320,000.

In summary, "Machi Big Brother" has significantly scaled down his BTC long position from an original size of approximately $43 million to about $4 million, confirming losses during this round of position reduction.