Huang Leqing, known as Machi Big Brother, has increased his leveraged long position in Ethereum to 4,900 ETH. According to various analytical sources, the total value of this position is approximately 10 million US dollars. The liquidation price for this position is set at $1,971 per Ethereum, meaning if the price falls below this level, the position will be closed. Ethereum is a well-known cryptocurrency based on blockchain technology, widely used worldwide for digital financial transactions and smart contracts. Machi Big Brother’s significant investment and use of higher leverage indicate his expectation of further price appreciation in Ethereum. However, investing with high leverage also increases risks, as even small price declines can lead to substantial financial losses. Large positions like this often influence market prices and affect investor sentiment. This investment suggests confidence in Ethereum’s future growth, which has secured a prominent position in the market due to its technological advancements and popularity in recent years. This situation is important for investors, as managing risk is crucial when using high leverage, and understanding market volatility is essential to avoid losses. Potential future changes in Ethereum’s price will directly impact this position, potentially increasing market fluctuations.
Source: binance
