Ethereum Long Position Reduces Losses Amid High Leverage

The Ethereum long position held by 'Machi Big Brother' Jeffrey Huang has seen a reduction in its floating loss, now standing at $79,000, down from nearly $300,000. According to NS3.AI, the address also maintains leveraged long positions in Bitcoin and HYPE tokens, which continue to experience floating losses due to high leverage and tight liquidation prices. The positions being monitored include a 25x ETH long, a 40x BTC long, and a 10x HYPE long, all of which are currently below their entry prices.