Machi Big Brother Sits $150M Long With Two of Three Assets Down

Machi Big Brother is holding $151.17 million in leveraged long positions on Hyperliquid against an account value of $5.95 million. Every position points in the same direction.

Arkham data shows the trader has taken no offsetting short exposure. Two of his three assets have fallen over the past week.

Machi Big Brother Stacks $151 Million Across Three Longs

The largest leg is Ethereum (ETH). Machi holds 39,800 ETH at 25x leverage, a position worth $100 million, according to Arkham. His entry sits near $2,480.

Bitcoin (BTC) follows at $44.14 million. That covers 569 BTC at 40x, the highest leverage anywhere in the book. The third leg is Hyperliquid (HYPE). He holds 88,000 tokens at 10x leverage, worth $7.03 million.

All three entries sit within roughly 1% of current marks. Unrealized profit across the account totals $1.2 million. The ETH leg supplies $1.21 million of that figure.

Bitcoin contributes just $35,630 on a $44.14 million position. HYPE, meanwhile, sits $49,650 in the red. Spot holdings on the tracked addresses come to $0.55. The rest of the account value sits in perpetual futures.

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Two of Three Assets Move the Wrong Way

Two of the three are already losing ground. Bitcoin has slipped 2.5% to around $77,548, while HYPE has fallen 7.3% to $79.86.

Only Ethereum held its ground. It trades at $2,510 and gained 0.6% on the week, which explains why it carries almost all of his profit.

The pullback follows a strong run. Over 30 days, HYPE has still climbed by 41.5%, Ethereum by 33.6%, and Bitcoin by 23.2%.

Institutional flows turned in the same week. Bitcoin exchange-traded funds (ETFs) shed $462.73 million in the week ending September 11, ending three straight weeks of inflows.

HYPE funds lost $26.42 million over the same period, breaking a five-week positive run. Ethereum products drew $197.11 million in inflows, marking a fourth consecutive weekly inflow.

Ethereum is carrying the entire book. Bitcoin and HYPE have both given ground, and the Federal Reserve meets on September 16 with high odds of a rate increase. 

Higher rates typically weigh on risk assets, which would test the two legs where Machi holds heavy leverage.

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