5310

After 8 liquidations, the $ETH long position is back up $70,000

Someone who had been liquidated 8 times and once had only $1.50 left in their account has made a comeback today.

On the afternoon of October 30, Huang Licheng deposited another 250,000 USDC to go long. He has two positions: a 25x long on 2,925 ETH, with unrealized profits exceeding $70,000 and a liquidation price of $2,219.36; and a 10x $HYPE long on 4,250 tokens, with an unrealized loss of $12,000. He also sold two Bored Apes (#950 and #5310) over the counter (OTC).

The market has been fairly kind. ETH is now at $2,266.19, up 1.32% in 24 hours, with a funding rate of +0.0034%—the payment settled every 8 hours is close to zero, and nobody is rushing to add leverage.

The data suggests that $ETH is leaning bullish in the short term: the price is above his cost basis. The downside: honestly, this position is far too leveraged. Its liquidation price of $2,219.36 is just below the current price, and even a brief pullback could trigger a cascade of forced liquidations and crash the market.

Two BAYCs changed hands, and this news offers more specifics about the buyers than a generic floor price would.

Grails OTC disclosed that Machi Big Brother sold BAYC #950 and #5310 to Adam Weitsman. The buyer later thanked several people who helped broker the deals, especially for their support during the market downturn. The public disclosure did not include the sale prices.

What interests me more is how these deals came about. An item can sit on the market for a long time; for ownership to actually change hands, you still need to find someone who wants that particular collectible and has the budget for it. Here, the brokers connected a specific seller with a specific collecting interest.

We can also use this as a starting point for assessing the NFT market: Will subsequent sales reach more buyers? Will public listings continue to find takers? If trades keep happening among a small group of collectors, that points to a different market climate than a return of broader buying demand.

These two sales at least give specific people and token numbers to the abstract question of “Is anyone still buying?” More sales will be needed to show how far the recovery has progressed.

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📊 Market Data
• According to Hyperliquid News, the number of trading addresses on the Hyperliquid platform has surpassed 3 million, currently reaching 3001003.
• Yuga Grails OTC has completed two over-the-counter BAYC trades. The buyer was Adam Weitsman, and the seller was “Big Brother” Machi Big Brother (Huang Licheng). The assets were BAYC #950与BAYC #5310.
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Foresight News reports: “Maji Big Brother” sold BAYC #950 and BAYC #5310 NFTs through an OTC transaction.
The news itself is simple; what’s worth pondering is whether there will be any follow-up.
$ETH , 24h +1.39%. If there’s a twist, we’ll update you here too.

#ETH

A friend and I discussed the following for quite a while: “Machi Big Brother” sold BAYC #950 and BAYC #5310 NFTs in an OTC transaction.
It’s not exactly bullish news—just a routine market development. Nothing more to it.
Here’s my usual approach: I don’t rush to chase good news or rush to flee bad news. I wait for the price to speak first.
$ETH 。

#ETH

⚡️ “Machi Big Brother” sold BAYC #950 and BAYC #5310 NFTs through OTC trades ($ETH )
This is neutral news; we’ll continue to monitor how things develop.
Did you get in, or are you still watching from the sidelines?

#ETH

“Machi Big Brother” sells BAYC #950 and BAYC #5310 NFTs via OTC trading
As soon as the breaking news came out, my social circle split into two camps. I belong to a third: the camp that watches the drama unfold first.
$ETH (24h +1.51%). Leave a comment and pick a side: type 1 if you’re bullish, 2 if you’re bearish.

#ETH

First, take a look at this: “Big Brother Ma Ji” sold BAYC #950 and BAYC #5310 NFTs via OTC trading
$ETH 2274.34, 24h +1.45%, 24h trading volume 151 million.
It’s not a big deal, but viewed as part of a broader trend, it may offer some useful insight. Checking whether trading volume increased noticeably around the time of the news is the most direct way to assess it.

#ETH

“Machi Big Brother” sells BAYC #950 and BAYC #5310 NFTs via OTC trading!
$ETH 2275.78—don’t let the headline lead you astray; read the original before making a judgment.
How do you usually handle this kind of market?

Latest news: On November 1, according to monitoring by TradingBeats, “Machi Big Brother” Huang Licheng keeps bouncing back after setbacks. His address had previously been liquidated eight times in a row during the downturn, and his Hyperliquid account balance at one point fell to just $1.5. On the afternoon of October 30, he deposited another 250,000 USDC to open long positions: his 25x Ethereum long is now showing unrealized profits of over $70,000, with a position size of 2,925 ETH and a liquidation price of $2,219.36; his 10x HYPE long is showing an unrealized loss of $12,000, with a position size of 4,250 HYPE and a liquidation price of $56.4016. He also sold BAYC #950 and BAYC #5310 through an OTC platform.

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