Machi: Sells Bored Ape #251 to Fund $9.38M ETH Long

Machi sold Bored Ape #251 at a 6.99 ETH loss worth $12.4K to raise margin for his existing 5,264 ETH long position valued at $9.38M with liquidation at $1,756.76. ETH price sits at $1,786.49 above the 50-EMA support of $1,772.9 and 200-EMA at $1,752.07 while RSI at 50.3 shows neutral momentum and MACD registers a bearish death cross. Price remains inside Bollinger Bands with upper resistance at $1,828.74 and lower support at $1,763.21, placing the liquidation level near the lower band and 200-EMA confluence where any breakdown risks triggering the position.