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Suffered a loss of 33.8 million USD! Brother Machi urgently sells BAYC to cover ETH long positions, posts for help: We need more Tom Lee
According to on-chain data firm HyperInsight, Machi Big Brother, the well-known Taiwanese crypto whale, is facing a severe test with his Ethereum (ETH) long positions. To avoid liquidation, he was forced to sell his treasured Bored Ape Yacht Club (BAYC) NFT to raise margin. His cumulative losses have now exceeded $33.85 million. In desperation, Machi Big Brother posted on social media urgently seeking Wall Street bull Tom Lee to call for a market rescue, only to be mocked by netizens.
(Previous context: Machi Big Brother's latest interview: Holding on to $30 million in losses without selling! Heavy position in 300 BAYC, revealing Web3 maniac investment strategy)
(Background: Machi Big Brother joins the investor lineup of Taiwan's version of Shark Tank)
The recent sharp correction in the crypto market has put pressure on the once-dominant NFT whale. According to the latest monitoring by on-chain data analytics firm HyperInsight today (26th), Machi Big Brother's Ethereum (ETH) long positions are in dire straits, with margin levels approaching dangerous territory.
Selling BAYC at a loss to save positions, cumulative blood loss reaches $33.85 million
To salvage his precarious long positions, Machi Big Brother took emergency action. Data shows that from his holdings of 150 top blue-chip NFTs, the Bored Ape Yacht Club (BAYC), he painfully sold one, with a transaction price roughly equivalent to 10 ETH. He then used the proceeds to top up the margin for his ETH long positions and even bought more during the dip.
However, Machi Big Brother's recent investment performance has been dismal. According to tracking data, he lost as much as $2.43 million in the past month alone; his account's historical cumulative losses have reached an astonishing $33.85 million (approximately NT$1.1 billion), showcasing his unique trading style of becoming more resilient with each setback while losing more and more.
Posts urgently seeking Wall Street bull to work his magic, netizens mercilessly mock
Facing massive paper losses and market selling pressure, Machi Big Brother today posted a self-deprecating and helpless message on platform X (formerly Twitter). He wrote: "We're going to need more Tom. 8 percent."
Here, 'Tom' refers to Tom Lee, a well-known analyst at Wall Street investment firm Fundstrat, who is famous for frequently issuing extremely bullish Bitcoin price predictions during market downturns (such as calling for an 8% or even higher single-day rebound). Machi Big Brother's move is clearly a half-joking plea for a miraculous violent rebound in the market to rescue his ETH long positions.
However, this somewhat bittersweet post immediately attracted merciless teasing and ridicule from the crypto community. In the comments section, netizens left sharp replies:
At a time when market liquidity is tightening and both Bitcoin and Ethereum have broken their lows, even whales with massive assets have to sell core assets to survive the winter. Whether Machi Big Brother's 'holding long positions to the death' will eventually see a reversal or become the next victim of deleveraging, the community is watching with popcorn in hand.