BTC long position reduced to approximately $4 million; Machi Big Brother confirms $320,000 loss after cutting leverage position 40x

Odaily News: As of 14:30 on September 8, Machi Big Brother (Huang Licheng)'s BTC long position has decreased from approximately 541 BTC last night to 50 BTC, with a net reduction of about 491 BTC. The current remaining position is valued at approximately $3.9174 million, using 40x leverage, with an average opening price of about $79,294.9 and an unrealized loss of approximately $47,400. During the position reduction phase from last night to now, he has closed approximately 575.07 BTC in total, while re-adding about 91 BTC during the same period, resulting in a combined profit/loss of approximately -$305,600 from closing prices. After accounting for approximately $14,400 in fees, the net realized loss stands at about $320,000. His BTC long position has been reduced from the original approximately $43 million to roughly $4 million.