Machi Loses Over $28.8M After Liquidation, Opens New 25x ETH Long Position

ETH5,98%
BTC3,83%

Gate News bot message, Machi (@machibigbrother) experienced complete liquidation on $ETH and $BTC long positions during the recent market decline. Following the liquidation, Machi opened a new $ETH long position with 25x leverage. Total losses now exceed $28.8M.

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Data: If ETH drops below $1,817, the total long liquidation strength on mainstream CEXs will reach $961 million.

ChainCatcher reports that, according to Coinglass data, if ETH drops below $1,817, the total liquidation strength of long positions on major CEXs will reach $961 million. Conversely, if ETH breaks above $2,006, the total liquidation strength of short positions on major CEXs will reach $479 million.

GateNewsBot2h ago
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