Cryptocurrency trader Machi, known by the handle @machibigbrother, has suffered a complete liquidation on his Ethereum long position, which was leveraged at 25x. Despite the significant loss, Machi has promptly reopened another Ethereum long position with the same 25x leverage. This move comes amid a broader market downturn, leaving Machi with an overall loss of $21.36 million.
Machi Faces $21.36M Loss After ETH Liquidation, Reopens 25x Leverage Position
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