Machi Big Brother resorts to selling Bored Apes as his losses exceeds $80 million

Machi Big Brother just got rekt yet again with his total losses now exceeding $80 million.

A few hours ago, Machi was liquidated for $341K trading a leveraged ETH long position on Hyperliquid on Tuesday. The popular Bored Ape collector lost exactly 220 ETH.

Before then, Machi had closed two ETH long positions at a total loss of $155.7K.

Four days before today’s liquidation, Arkham reported that Machi had sold one of his roughly 150 Bored Ape Yacht Club NFTs and used the proceeds to add margin to his Hyperliquid account. At that point, he held a $1.6 million ETH long with only $67,000 in margin.

At the time of writing, Machi still has a 25x ETH long position open with a liquidation price of $1,543.81. The position is worth $1.376 million (880 ETH) and is already at a $23k loss, according to Hypurrscan.

Machi has suffered a long streak of losses this year trading leveraged perps, but keeps returning with more funds.

In January, Machi was liquidated five times in a single day during a broader market downturn, with cumulative losses at that point totaling $24.18 million. Five months later, his losses now total $80.43 million, according to Arkham.

Is Machi Big Brother running out of money?

With his losses piling up, the popular Bored Ape collector recently resorted to selling off some of his collections to prop up margin on his ETH long positions.

On June 28, Lookonchain reported that Machi sold 34 Bored Apes for 326 ETH ($514K) over the past month, incurring a loss of 399 ETH, worth $631K.

In one case, Machi sold Bored Ape #6057 for 7.65 ETH, incurring a 90% loss on the 76.84 ETH that he paid to purchase the NFT 4 years ago.

In May, he had posted about owning 182 Bored Apes.