Jeffrey Huang sits on $3.34M unrealized gain on $48.22M 25x ETH long

Taiwanese singer Jeffrey Huang, known as Machi Big Brother, is sitting on a $3.34 million unrealized gain on a 25x ETH long position, according to AmberCN. The position is valued at $48.22 million, with an entry price of $2,097 and a liquidation price of $2,253. Huang had previously logged cumulative losses of more than $80 million by the end of last month. More recently, Huang also sold BAYC NFTs at a steep loss to raise collateral.