According to Onchain Lens, Machi (@machibigbrother) closed most of his 25x leveraged ETH long position and experienced partial liquidation in the process. He currently holds 1,700 ETH, just $23 away from his next liquidation, with total losses nearing $33 million. (Onchain Lens)
Machi liquidates most of its ETH long positions, incurring a $33 million loss.
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Summary
Machi, known as @machibigbrother, has liquidated most of his 25x leveraged ETH long positions, experiencing partial liquidations along the way. He now holds 1,700 ETH, with a $23 drop risking additional losses. Total losses are nearing $33 million. Long-term investing carries risks, and a well-planned stop-loss strategy could help mitigate such outcomes. (Onchain Lens)
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