Jeffrey Huang sells 3 BAYC NFTs, reopens $1.48M 25x ETH long

Taiwanese singer Jeffrey Huang, better known as Machi Big Brother, sold three BAYC NFTs and reopened a 25x leveraged ETH long position worth $1.48 million, AmberCN reported. The NFT sale brought in $36,800, and Huang withdrew 100 ETH worth $213,000 from Coinbase to post collateral. Earlier today, Huang’s ETH long position worth $1.16 million was liquidated during a morning price drop, leaving a $60,000 loss. After going through hundreds of liquidations, Huang has come to be known in the community as the king of liquidations.