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Machi sold 4,700 ETH at a $570K loss, cutting its long crypto position amid deeper unrealized losses.

Market News
08 Oct 2026
Tokenpost
View Source
Bearish
Machi sold 4,700 ETH at a $570K loss, cutting its long crypto position amid deeper unrealized losses.

Machi sold 4,700 Ether (ETH) on October 8, realizing a loss of about $570,000 and reducing its long position to 24,500 ETH. The remaining holdings now show an unrealized loss of roughly $3.06 million, with a liquidation price close to the current market price. This move follows Machi's earlier closure of long positions in other cryptocurrencies like HYPE, Bitcoin, and PUMP, which erased nearly $4 million in unrealized gains. The reduction reflects Machi's strategy to limit further losses amid volatile market conditions.

Bitcoin's market cap stands at Rp29.671,14 trillion with a 24-hour trading volume of Rp591,94 trillion as of Oct 08, 2026 21:02 WIB. On Pluang, Bitcoin is priced at Rp1.470.983.037, down 1.16% over the past day, while order activity favors buying at 63%. This context highlights the broader crypto market environment in which Machi's recent Ether sales and realized losses occurred.

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