Has Machi Big Brother been battered by the market again? This time, only his ETH long position remains.
According to on-chain monitoring, his account assets are down to about $1.54 million, and he has only one position left: a 17,000 ETH long position, with a notional value of about $43.2544 million and an estimated liquidation price of $2,493.19. His losses over the past week had previously reached $8.44 million.
Note that $43.25 million is the notional value of the position, not his own capital. If ETH keeps falling while he’s using high leverage, margin pressure could mount rapidly.
From a large long position to repeatedly reducing exposure and getting liquidated, until now only ETH remains—the cost of stubbornly holding on through the market turmoil has been steep. Is he waiting for an ETH rebound to turn things around, or has he already been pushed onto the defensive?
His liquidation price of $2,493 is very close to the current price, so this level is worth watching closely. $BTC #CPI and PPI figures are due soon, putting rate-hike expectations to the test
According to on-chain monitoring, his account assets are down to about $1.54 million, and he has only one position left: a 17,000 ETH long position, with a notional value of about $43.2544 million and an estimated liquidation price of $2,493.19. His losses over the past week had previously reached $8.44 million.
Note that $43.25 million is the notional value of the position, not his own capital. If ETH keeps falling while he’s using high leverage, margin pressure could mount rapidly.
From a large long position to repeatedly reducing exposure and getting liquidated, until now only ETH remains—the cost of stubbornly holding on through the market turmoil has been steep. Is he waiting for an ETH rebound to turn things around, or has he already been pushed onto the defensive?
His liquidation price of $2,493 is very close to the current price, so this level is worth watching closely. $BTC #CPI and PPI figures are due soon, putting rate-hike expectations to the test