Ethereum News Today: Brother Ma's $91.4M Crypto Bet Driven by $76.8M in ETH Longs

COINOTAG News (Aug 24) — Crypto trader known as “Brother Ma,” Huang Licheng, has positioned himself heavily in the cryptocurrency market, with a total long exposure of $91.44 million, according to HyperInsight monitoring data. A significant portion of this bet — $76.78 million — is tied to Ethereum (ETH), with the trader holding 16,100 ETH at an average entry price of $4,645.32, currently carrying $2.03 million in unrealized gains [1].

Alongside the ETH position, “Brother Ma” has a leveraged long in Bitcoin (BTC), taking on 75 BTC at an average entry of $114,702.10, which translates to a position value of approximately $8.58 million, with no mention of leverage in this particular trade. In addition, he holds a leveraged long in YZY tokens, amounting to 150,000 tokens at $0.681, totaling around $100,000 with 3x leverage applied. The trader also has exposure to HYPE tokens, holding 136,000 tokens at an average price of $43.80, valued at approximately $5.98 million, with $20,000 in unrealized gains [1].

HyperInsight notes that this is a concentrated leveraged exposure across major crypto assets, highlighting the trader’s strategic approach to market positioning. The level of leverage and the size of the positions suggest a high-risk, high-reward strategy that is typical in the volatile crypto space.

The data underscores a broader trend of institutional and high-net-worth individuals increasing their exposure to crypto through leveraged positions, particularly in leading assets such as Bitcoin and Ethereum. The unrealized gains in ETH and HYPE reflect a bullish outlook on the market, assuming the current price trends continue in favor of the long positions.

Source: [1]‘Brother Ma’ Huang Licheng Holds $76.8M in ETH Longs as Part of $91.4M Crypto Bet (https://en.coinotag.com/breakingnews/brother-ma-huang-licheng-holds-76-8m-in-eth-longs-as-part-of-91-4m-crypto-bet/)