Down $4.1 million in one night, and Machi was just $40 away from liquidation?
I saw Machi’s position data this morning and got a chill—
This legendary bull who “never stops adding to his position” is really getting put through the wringer this time.
① In last night’s plunge, he cut losses on 20,500 ETH, taking a direct hit of $3.413 million (tracked by AI Auntie @ai_9684xtpa this morning, citing on-chain data from hyperbot.network)
② He added to his position twice during the rebound in the early hours, then cut another 10,000 ETH: his cumulative loss on ETH alone reached $4.107 million, including $1.812 million in realized stop-losses. His remaining 14,500 ETH long is still down $2.336 million on paper.
③ The worst part isn’t the paper loss—it’s the funding costs: $1.344 million. With leverage on, every second burns money. That’s how the slow bleed happens.
④ For comparison, ETH fell from 2,578 to 2,415 in this move, down 6.4%; BTC fell just 3.3% over the same period. ETH underperformed the broader market by 3 percentage points, showing weakness of its own rather than simply being dragged down by the market (Kraken hourly chart, checked at 10:43).
⑤ Here’s the key level: his latest liquidation price is $2,442.16, while ETH is currently at $2,482.84 (checked on Kraken just now)—a gap of only $40, or 1.6%. Earlier this morning, the gap briefly narrowed to just $26.
If even a whale is struggling this much, retail traders should think twice before trying to tough it out. Everyone will be watching the 2,442 level tonight.
Do you think ETH can hold above 2,440 tonight?
$ETH #以太坊 #Liquidation
(Data source: AI Auntie’s tracking post + hyperbot.network; price checked on Kraken at 10:43. Not investment advice.)
I saw Machi’s position data this morning and got a chill—
This legendary bull who “never stops adding to his position” is really getting put through the wringer this time.
① In last night’s plunge, he cut losses on 20,500 ETH, taking a direct hit of $3.413 million (tracked by AI Auntie @ai_9684xtpa this morning, citing on-chain data from hyperbot.network)
② He added to his position twice during the rebound in the early hours, then cut another 10,000 ETH: his cumulative loss on ETH alone reached $4.107 million, including $1.812 million in realized stop-losses. His remaining 14,500 ETH long is still down $2.336 million on paper.
③ The worst part isn’t the paper loss—it’s the funding costs: $1.344 million. With leverage on, every second burns money. That’s how the slow bleed happens.
④ For comparison, ETH fell from 2,578 to 2,415 in this move, down 6.4%; BTC fell just 3.3% over the same period. ETH underperformed the broader market by 3 percentage points, showing weakness of its own rather than simply being dragged down by the market (Kraken hourly chart, checked at 10:43).
⑤ Here’s the key level: his latest liquidation price is $2,442.16, while ETH is currently at $2,482.84 (checked on Kraken just now)—a gap of only $40, or 1.6%. Earlier this morning, the gap briefly narrowed to just $26.
If even a whale is struggling this much, retail traders should think twice before trying to tough it out. Everyone will be watching the 2,442 level tonight.
Do you think ETH can hold above 2,440 tonight?
$ETH #以太坊 #Liquidation
(Data source: AI Auntie’s tracking post + hyperbot.network; price checked on Kraken at 10:43. Not investment advice.)