Zcash falls nearly 30% from September high amid prolonged crypto selloff
Zcash has dropped nearly 30% from its September peak amid a broader crypto selloff. Key catalysts include a potential spot ETF and the NU7 network upgrade.
Machi Big Brother won 12 consecutive trades on Pump.fun, making $2.14 million, but his Hyperliquid account remains $22.8 million in the red overall.
Machi Big Brother, monitored by Lookonchain, recorded 12 straight winning trades in the past week, bringing in $2.14 million. Every profit originated from a single token.
The trading activity is linked to a Hyperliquid account that has a history of losses and currently holds roughly $151 million in long positions.
All the victories during the streak were on Pump.fun (PUMP). Lookonchain initially drew attention to the sequence on October 2, following 10 consecutive wins on PUMP across five days. Those earlier trades generated $1.34 million, and then two more wins increased the cumulative gain to $2.14 million.
According to Hyperbot, the account holds four open perpetual positions, all bullish. The biggest is a 33,800 Ethereum (ETH) long with 25x leverage, valued at $91.98 million.
A 455 Bitcoin (BTC) position follows at $39.26 million with 40x leverage. He also holds a 164,500 Hyperliquid (HYPE) long at 10x, worth $15.36 million.
The PUMP long now amounts to 700 million tokens, for a value of $4.48 million. Lookonchain had previously reported the position as 425 million tokens. This is the only open trade showing a loss, around $50,557.
The three biggest longs together have roughly $2.3 million in unrealized profits. But the ETH position has incurred $1.26 million in funding fees so far.
Hyperbot lists the ETH liquidation level at $2,452.53 and the BTC liquidation at $66,456.5. The HYPE long would be liquidated at $36.39.
In the last seven days, the tracker shows a winning rate of 80% on 15 closed trades. Hyperbot estimates his equity at $12.2 million and his total leverage ratio at roughly 12.3x.
This represents a shift compared to mid-September, when Arkham showed 39,800 ETH, 569 BTC, and 88,000 HYPE. Since then, he has trimmed his ETH and BTC longs and nearly doubled his HYPE position.
Jeffrey Huang, known online as Machi Big Brother, uses Hyperliquid for high-leverage trades. BeInCrypto noted in March that he had lost approximately $75 million on the platform in the preceding six months.
Lookonchain counted 335 liquidations on his account by that point, earning him the nickname "King of Liquidations". Hyperbot now calculates his total perpetuals loss at $22.83 million. When spot trading losses are added, the figure reaches $24.48 million.
His current open positions hold around $2.2 million in unrealized gains. Compared to a $22.8 million overall deficit, the larger influence is his $131.24 million in ETH and BTC long positions.
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Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
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