From $99.8 million to liquidation
Just hours ago, Machi Big Brother held one of the largest long positions on $ETH
And there was just one number separating the position from its end: $2, 501
Then ETH started to crash
And the position that had looked like a huge bet on the upside began to turn into a forced exit
And this is the harshest reality of leveraged trading
You might be millions of dollars away from a profit
But if the market moves against you by even a small amount, it can wipe out a huge portion of your position in minutes
Just hours ago, Machi Big Brother held one of the largest long positions on $ETH
And there was just one number separating the position from its end: $2, 501
Then ETH started to crash
And the position that had looked like a huge bet on the upside began to turn into a forced exit
And this is the harshest reality of leveraged trading
You might be millions of dollars away from a profit
But if the market moves against you by even a small amount, it can wipe out a huge portion of your position in minutes