Jeffrey Huang sells BAYC NFT at a loss to fund ETH long position

Taiwanese celebrity Jeffrey Huang, also known as Machi Big Brother, has sold his Bored Ape Yacht Club (BAYC) #251 NFT at a loss of 6.99 ETH ($12,400) to add funds to his ETH long position, according to on-chain analytics firm Lookonchain. Lookonchain noted that Huang currently holds a long position of 5,264 ETH, worth $9.38 million, with a liquidation price of $1,756.76.