Machi Big Brother just took a brutal -94% L on Bored Ape #5670 (85 $ETH → 9 $ETH, ~$255K loss) and immediately rotated into a 3,550 $ETH long (~$6.66M).

Liq at $1,841. Unrealized PnL sitting at +$14K.

This is what conviction looks like. No cope. No exit. Just pure directional bet on $ETH.

NFT summer is dead. But some degens are still building positions while others are crying about jpegs.