Machi’s account is still bleeding, now sitting on a $26.5M+ unrealized loss, and yes ... this is that same wallet everyone’s been watching. No mystery there🥶!

Right now, what’s left on the table is an $ETH position, and it’s still wide open. The position size is about 7,728 ETH, carrying a notional value close to $15.13M. Entry came in around $1,985.54, with ETH currently hovering near $1,958, so the position itself is already down roughly $209K, about -34.7% ROE. It’s running at 25x leverage, margin posted is just over $605K, and the liquidation line sits uncomfortably close at $1,905.20. Funding hasn’t been kind either another $14.7K slowly shaved off there. No Target Price, no Stop Loss. Just raw exposure.
And he’s not exactly hands-off. There are still open sell orders sitting above price ... six of them, totaling 350 #ETH , valued around $697K, layered between roughly $1,975 and $2,002.
While digging out, the bigger picture hurts more. Total account value is down to about $705K, free margin is basically zero, leverage across the account is cranked past 21x, and the all-time perp PnL is buried at -$26.59M.