Machi Big Brother sells 31 BAYC NFTs at a loss to fund leveraged long crypto positions - Pluang
Machi Big Brother sold 31 Bored Ape Yacht Club NFTs at a loss over the past week to fund leveraged cryptocurrency positions.
The sales generated 231 Ether (ETH), worth approximately $506,000, but each transaction resulted in a loss. For instance, on November 10, two BAYC NFTs were sold for $30,400, incurring an $86,980 loss. Despite these sales, Machi Big Brother retains 75 BAYC NFTs in its collection.
Market Context
The move underscores the risks and strategies involved in using NFTs to finance leveraged cryptocurrency trades. As of November 12, 2026, the cryptocurrency market shows mixed performance, with 14 out of 50 priced cryptocurrencies rising while 35 fell.
Notable market movements include CRV at Rp4.310 with a -3.77% change and 100% buy order activity, EGLD at Rp51.175 with a -3.69% change and 100% buy order activity, and AAVE at Rp2.160.772 with a -3.35% change and 64% buy order activity.
Trading Strategy
This move highlights the risks and strategies involved in using NFTs to finance leveraged crypto trades.
Machi Big Brother's approach demonstrates how some traders are utilizing valuable digital assets to secure positions in more volatile cryptocurrency markets. The strategy involves liquidating established NFT holdings to capitalize on perceived opportunities in leveraged trading positions.
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