MachiBigBrother (machibigbrother) used an 8-month rolling-forward strategy to go long ETH and recoup $12.3 million—but in September, after ETH slightly oscillated a few times, it all got paid back. Now he’s left with just $1 million.
What he gained by rolling long, he also lost by rolling long: MachiBigBrother caught the August ETH rally from $1,900 up to $2,500, turning $150,000 into $12.3 million.
In September, ETH narrowly oscillated a few times between $2,400 and $2,600, causing frequent stop-outs for MachiBigBrother, who had maxed out rolling leverage. The $12.3 million is now down to $1 million.
If ETH drops a few more hundred or so dollars, then this last $1 million for MachiBigBrother will likely get liquidated too.
Address: 0x020ca66c30bec2c4fe3861a94e4db4a498a35872
What he gained by rolling long, he also lost by rolling long: MachiBigBrother caught the August ETH rally from $1,900 up to $2,500, turning $150,000 into $12.3 million.
In September, ETH narrowly oscillated a few times between $2,400 and $2,600, causing frequent stop-outs for MachiBigBrother, who had maxed out rolling leverage. The $12.3 million is now down to $1 million.
If ETH drops a few more hundred or so dollars, then this last $1 million for MachiBigBrother will likely get liquidated too.
Address: 0x020ca66c30bec2c4fe3861a94e4db4a498a35872
