Crypto Investments Surge Despite Market Downturn

Despite recent market declines, prominent cryptocurrency investors are showing resilience through substantial long positions. Notably, Yu Jin, blockchain analyst, reported that Huang Licheng, better known as Machi Big Brother, has taken significant action. Huang initiated large-scale investments totaling $113 million overnight. These holdings include 22,000 ETH valued at $100 million at an entry point of $4,662 per Ethereum, and 115 BTC worth $13.61 million with an entry price of $118,202 per Bitcoin. Current unrealized losses for these positions are approximately $2.22 million and $1.19 million respectively.