Brother Machi's ETH long positions have now yielded a profit of $1.54 million.

According to Odaily Planet Daily, on-chain analyst Yu Jin reported that Huang Licheng, nicknamed "Brother Machi," turned $1 million into $2.08 million last week, but lost all his principal and profits when ETH fell from $3,000 to $2,700 the day before yesterday.

Over the past two days, he continued to use $500,000 to go long on ETH at an average price of $2,910. As ETH rebounded back above $3,000, he has now made a profit of $1.54 million. However, his liquidation price for his ETH long position is not far off.