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Big Bro Machi Takes $6.5 Million Profit From HYPE Surge

Coin WorldTuesday, Jun 10, 2025 7:32 am ET

1min read

Jeffrey Huang, known as "Big Bro Machi," has been gradually closing his long positions in HYPE to take profit. As of the latest update, his unrealized gain from these positions stands at $6.5 million. This move comes as the price of HYPE surged past $40, prompting Huang to capitalize on the market's upward momentum.

In May, Huang initially purchased 200,000 HYPE tokens through spot trading at an average price of $29.4 per token. He further leveraged his position by using a 5x leverage to go long on 650,000 HYPE tokens through contracts, with an average opening price of $35.6. Currently, Huang still holds a long position of 440,000 HYPE tokens along with his initial 200,000 HYPE tokens in spot trading.

Huang's strategy of gradually closing his long positions indicates a cautious approach to profit-taking, ensuring that he secures his gains while the market conditions remain favorable. This method allows him to mitigate potential risks associated with sudden market fluctuations and to lock in profits as the price of HYPE continues to rise.

Huang's decision to take profit at this juncture reflects his astute market timing and risk management skills. By closing his positions incrementally, he can better manage his exposure to the volatile cryptocurrency market and ensure that he maximizes his returns while minimizing potential losses. This approach is particularly prudent given the unpredictable nature of the cryptocurrency market, where prices can fluctuate rapidly.

Huang's actions also highlight the importance of diversification and strategic positioning in the cryptocurrency market. By holding a mix of spot and leveraged positions, he can take advantage of both short-term price movements and long-term trends. This balanced approach allows him to capitalize on market opportunities while maintaining a level of financial stability.

Overall, Jeffrey Huang's decision to gradually close his HYPE long positions to take profit demonstrates his expertise in navigating the cryptocurrency market. His ability to identify profitable opportunities and execute strategic trades has resulted in a significant unrealized gain of $6.5 million, underscoring his status as a prominent figure in the industry. As the market continues to evolve, Huang's approach serves as a valuable example of how to manage risk and maximize returns in the dynamic world of cryptocurrency trading.

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