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Machi's ETH and BTC Positions Fully Liquidated on May 16; Reopens With 1,275 ETH at 25x Leverage

GateNews
Derivatives Data
ETH1.85%
BTC2.27%

According to Onchain Lens, on May 16, trader Machi's all ETH (25x leverage) and BTC (40x leverage) long positions were fully liquidated. The BTC position remained profitable at closure, while the ETH position resulted in losses. Shortly after, Machi reopened a long position holding 1,275 ETH at 25x leverage.

The accumulated losses from the liquidations have reached approximately $32 million.

View Source
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