Cryptocurrency trader Machi, known as @machibigbrother, faced a complete liquidation on his Ethereum ($ETH) long position with 25x leverage as the market declined. Despite the setback, Machi reopened a new $ETH long position with the same leverage. Currently, he is experiencing losses exceeding $29 million.
Machi Liquidated on $ETH Long Position, Faces $29M Loss
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.