Based on Blockchainreporter, two prominent on-chain traders, machismallbrother and machibigbrother, are facing significant losses due to the recent Ethereum price decline. Machismallbrother closed a 10x leveraged Ethereum long position, realizing a $1.55M loss, while machibigbrother remains in a 25x leveraged position with a floating loss of $2.3M, putting him at risk of liquidation. The trades were entered at around $3,123 and $3,438, respectively, as Ethereum currently trades at approximately $3,129. The market is closely watching the situation, as the high-leverage positions of the two traders have drawn attention for their potential impact on liquidity and sentiment in leveraged markets.
Machi Small Brother Closes 10x Ethereum Long With $1.55M Loss as Big Brother Faces Liquidation Risk
BlockchainreporterShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.