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Just spotted that Machi added another 210k USDC into HyperLiquid to double down on ETH longs at 25x leverage. This is pretty wild considering the market's been rough lately and he already cut most of his positions with stop-losses before this.
The thing is, Machi's cumulative losses from this whole trade are already sitting north of 29.7 million dollars. So yeah, he's basically going back in after getting hit hard. You'd think most traders would sit this one out after taking that kind of damage, but apparently not everyone plays it safe.
It's one of those moments where you see the market's ruthless side. Machi's clearly betting on an ETH bounce, but the question is whether this move pays off or if it's just throwing good money after bad. Either way, it's the kind of on-chain activity that reminds you why leverage trading can be a double-edged sword.