coin-img-ETHETH-3.51%coin-img-SPCXBSPCXB-7.29%coin-img-BTCBTC-2.77%coin-img-SOLSOL-3.59%coin-img-XRPXRP-4.21%coin-img-USDCUSDC+0.01%coin-img-HYPEHYPE-6.45%coin-img-ASTERASTER-1.79%coin-img-ETHETH-3.51%coin-img-SPCXBSPCXB-7.29%coin-img-BTCBTC-2.77%coin-img-SOLSOL-3.59%coin-img-XRPXRP-4.21%coin-img-USDCUSDC+0.01%coin-img-HYPEHYPE-6.45%coin-img-ASTERASTER-1.79%coin-img-ETHETH-3.51%coin-img-SPCXBSPCXB-7.29%coin-img-BTCBTC-2.77%coin-img-SOLSOL-3.59%coin-img-XRPXRP-4.21%coin-img-USDCUSDC+0.01%coin-img-HYPEHYPE-6.45%coin-img-ASTERASTER-1.79%coin-img-ETHETH-3.51%coin-img-SPCXBSPCXB-7.29%coin-img-BTCBTC-2.77%coin-img-SOLSOL-3.59%coin-img-XRPXRP-4.21%coin-img-USDCUSDC+0.01%coin-img-HYPEHYPE-6.45%coin-img-ASTERASTER-1.79%

Machi Big Brother Liquidates Leveraged ETH Positions as Total Losses Surpass $79.87 Million

Following a sharp market downturn, prominent trader Machi Big Brother was forced to unwind the majority of his 25x leveraged Ethereum (ETH) long positions, resulting in a partial liquidation. According to data reported by Onchain Lens, the trader's total cumulative losses have now exceeded $79.87 million. Despite the significant selloff, on-chain records indicate that Machi still maintains a position of 2,900 ETH in 5x leveraged longs. This remaining exposure is currently facing more than $35 million in unrealized losses. The liquidation event highlights the high risks associated with extreme leverage during periods of heightened market volatility, as one of the space's most visible whales sees a substantial portion of his collateral eroded by the price correction.
ETH
ETH-3.49%
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