Machi's Long Positions Rise to $160 Million as Unrealized Losses Narrow

On August 23, TradingBeats, formerly Hyperinsight, reported that Machi's total long positions had increased to $160 million, with combined unrealized losses of about $287,600 and cumulative funding costs of about $247,400. According to BlockBeats On-chain Detection, the position includes 1,225 BTC longs worth about $94.0494 million, opened at $77,660.4, with unrealized losses of $1.0846 million and a liquidation price of $71,840.5.It also includes 19,000 ETH longs worth about $45.6798 million, opened at $2,337.48, with unrealized gains of $1.2675 million and a liquidation price of $2,083.62. In addition, Machi holds 256,500 HYPE longs worth about $19.9329 million, opened at $79.5451, with unrealized losses of $470,500 and a liquidation price of $53.2144.