Brother Machi has started selling his treasured Bored Apes to top up margin. Is it true that once he sells all his Bored Apes, the bull market will arrive?!

"Machi" sells BAYC to top up ETH long position margin, shouting that he needs more Tom Lee

On June 26, according to HyperInsight monitoring, "Brother Machi" Huang Licheng's ETH long position is in danger. He sold one of his 150 Bored Ape Yacht Club (BAYC) NFTs and used the proceeds to top up margin and increase his long position, with the transaction price equivalent to about 10 ETH. Machi's account has accumulated losses of $33.85 million, with a loss of $2.43 million in the past month.

"Brother Machi" Huang Licheng himself just posted saying, we need more Tom Lee, I still have 8% before liquidation. His ETH position is currently worth $1.64 million, with an average entry price of $1,562.21 and a liquidation price of $1,538.84.

Huang Licheng's heavily leveraged ETH long position is once again in jeopardy. His strategy has shifted from injecting external funds to selling NFT assets to top up margin. Since August last year, his ETH long position has been partially or fully liquidated multiple times, and he has repeatedly rebuilt positions. However, the average entry price and liquidation line have dropped from over $3,200 at the end of last year to the current $1,562.

Related reports show that his margin top-up amount has shrunk from hundreds of thousands of dollars in the early days to about $14k in October last year, until he was forced to sell BAYC this time. This is not just a struggle for a personal position, but also reflects the liquidity status of NFTs as the "last ammunition depot" for high-leverage traders. As traditional financing channels tighten, top-tier blue-chip NFTs become emergency liquidation collateral, and their price support logic is being partially rewritten.$ETH

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