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Machibigbrother Is Staying Bullish Despite a $2.64M Monthly Loss.
Some traders cut risk after a rough month. @machibigbrother is doing the exact opposite.
Despite posting a 30-day loss of approximately $2.64 million, the trader continues to stick with the same strategy, holding a leveraged long position on $ETH and refusing to back down.
Right now, the wallet is still long 2,700 ETH, a position worth roughly $4.72 million.
Current Position: ETH Long, Position Size: 2,700 ETH, Position Value: ~$4.72M, Entry Price: $1,762.88, Current Floating Loss: >$83,000, Liquidation Price: $1,717.62 .
With ETH trading only a relatively short distance above the liquidation price, the position remains under pressure and leaves little room for further downside. Even after losing more than $2.6 million over the past month, #Machibigbrother hasn't abandoned the bullish thesis. same conviction trade, still riding on ETH.
Address:
0x020ca66c30bec2c4fe3861a94e4db4a498a35872