According to PANews, blockchain analyst Yu Jin reported that following a market downturn last night, Huang Licheng, also known as Machi Big Brother, initiated substantial long positions totaling $113 million.

Huang opened a long position of 22,000 ETH, valued at $100 million, with an entry price of $4,662 per ETH. Currently, this position is experiencing an unrealized loss of $2.22 million.

Additionally, he opened a long position of 115 BTC, valued at $13.61 million, with an entry price of $118,202 per BTC.