Machi Big Brother lost 34 million in a single day, and ETH’s liquidation price is right at 2,521. Will the market makers let him off this time?
The on-chain data speaks for itself: Machi Big Brother is really in trouble this time.
In just one day, his account lost $4.78 million—more than 30 million yuan. He’s using 20x leverage, and his margin usage is already at 98.3%. There’s nothing left to withdraw from his account. He’s fully leveraged and betting entirely on prices going up, with cumulative losses already at $28.51 million.
The most dangerous position is his ETH trade. He’s holding more than 38,000 ETH, worth $100 million. He entered at 2,682, and the price has now fallen to 2,610, leaving him with a 68% unrealized loss. His liquidation price is 2,521.
In other words, if ETH drops just over another 3%, this $100 million long position will be liquidated. And then it won’t just be his problem—cascading liquidations and a market-wide sell-off could leave no one able to get out.
Some say his win rate is 64%. But so what? His wins are always small, while he stubbornly holds onto losing positions until they’re liquidated. Ten wins can’t make up for one loss.
Will the market makers pass up an easy meal?
$BTC $ETH
The on-chain data speaks for itself: Machi Big Brother is really in trouble this time.
In just one day, his account lost $4.78 million—more than 30 million yuan. He’s using 20x leverage, and his margin usage is already at 98.3%. There’s nothing left to withdraw from his account. He’s fully leveraged and betting entirely on prices going up, with cumulative losses already at $28.51 million.
The most dangerous position is his ETH trade. He’s holding more than 38,000 ETH, worth $100 million. He entered at 2,682, and the price has now fallen to 2,610, leaving him with a 68% unrealized loss. His liquidation price is 2,521.
In other words, if ETH drops just over another 3%, this $100 million long position will be liquidated. And then it won’t just be his problem—cascading liquidations and a market-wide sell-off could leave no one able to get out.
Some say his win rate is 64%. But so what? His wins are always small, while he stubbornly holds onto losing positions until they’re liquidated. Ten wins can’t make up for one loss.
Will the market makers pass up an easy meal?
$BTC $ETH