Machi: Sells 3 Bored Apes to Fund 2,600 ETH Long

Machi sold another 3 Bored Apes for 27.42 ETH ($44K) to increase his 2,600 ETH ($4.2M) long position on Hyperliquid, booking a 25 ETH ($40K) loss with liquidation now set at $1,596.69.

Over the past month the trader has offloaded 34 Bored Apes for 326 ETH ($514K) while suffering 399 ETH ($631K) in total losses, including a 90% haircut on Bored Ape #6057 purchased four years ago.

With ETH price at $1615.09 the position sits just above the $1596.69 liquidation line; on the 4h chart price holds a bullish structure above the EMA50 at $1609.93 yet remains inside the Bollinger Bands where the upper band at $1637.3 acts as immediate resistance and the lower band at $1550.75 offers short-term support, while the MACD golden cross at 5.73 and neutral RSI at 53.92 suggest continuation toward the upper band before any pullback to the 50-EMA.