šØ From $5.46M in profit to $11.27M in cumulative losses: Machiās 25x ETH long is just 2% away from liquidation tonight
Guys, Machi Big Brotherās position is turning into the most expensive ongoing drama in crypto.
I posted the first episode 4 days ago: that night, he lost $4.1M, with a liquidation price of $2,442.16. ETH was trading at $2,482.84ājust $40 away from liquidation.
Here comes episode two, and the numbers are even more intense:
ā He was still up $5.46M on October 5; now heās down $11.27M cumulatively
According to monitoring by Ai Yi (reported by Foresight News), his account was still up $5.46M on October 5. His cumulative losses over 7 days have reached $11.27M, leaving just $562,000 in the account. Today, he took two more losses: one of $1.01M and another of $12,000.
ā” Cutting his position in half hasnāt stopped the bleeding; 7,150 ETH remain, just 2% above liquidation
He cut his position from 14,500 ETH to 7,150 ETH. The 25x long is worth about $18M in notional value, with a liquidation price of $2,472.78.
ETH is trading at $2,519.64 (checked live on Kraken at 23:05 tonight). A further $47 dropāabout 2%āwould trigger liquidation of the 7,150 ETH long.
ā¢ Market comparison: ETH has fallen nearly 4 percentage points more than BTC over the past 7 days
From 22:00 on October 6 to 22:00 on October 13, Kraken hourly closing prices show BTC fell from $86,595.4 to $83,577.0 (-3.49%), while ETH fell from $2,721.91 to $2,521.93 (-7.35%). ETH underperformed the broader market by 3.86 percentage points.
The market hasnāt actually crashed: BTC is down just 3.5% over 7 days. But ETH has underperformed the broader market by nearly 4 percentage points, and that weakness is dramatically magnified by 25x leverage. Meanwhile, his cumulative losses have ballooned from $4.1M to $11.27M, and his position has been cut from 14,500 ETH to 7,150 ETH.
Three takeaways:
First, donāt blindly copy trades. Even a player at Machiās level can rack up $11.27M in cumulative losses in 7 days using 25x leverage. Leverage is a meat grinder, not an ATM.
Second, keep an eye on $2,472.78 in the short term. Thatās the liquidation level for his 7,150 ETH long. If the price drops below it tonight, liquidation will be triggered; if it holds, the position can stay alive a little longer.
Third, donāt use leverage on weak-performing coins. ETH has fallen more than twice as much as BTC over the past 7 days. When you get the direction wrong and pile on leverage, not even a miracle can save you.
Do you think heāll make it through tonight?
A: Yes, if it holds above $2,472.78, he lives to fight another day
B: No, a drop below that level will trigger liquidation
$ETH $BTC #仄å¤Ŗå #Cryptocurrency
Guys, Machi Big Brotherās position is turning into the most expensive ongoing drama in crypto.
I posted the first episode 4 days ago: that night, he lost $4.1M, with a liquidation price of $2,442.16. ETH was trading at $2,482.84ājust $40 away from liquidation.
Here comes episode two, and the numbers are even more intense:
ā He was still up $5.46M on October 5; now heās down $11.27M cumulatively
According to monitoring by Ai Yi (reported by Foresight News), his account was still up $5.46M on October 5. His cumulative losses over 7 days have reached $11.27M, leaving just $562,000 in the account. Today, he took two more losses: one of $1.01M and another of $12,000.
ā” Cutting his position in half hasnāt stopped the bleeding; 7,150 ETH remain, just 2% above liquidation
He cut his position from 14,500 ETH to 7,150 ETH. The 25x long is worth about $18M in notional value, with a liquidation price of $2,472.78.
ETH is trading at $2,519.64 (checked live on Kraken at 23:05 tonight). A further $47 dropāabout 2%āwould trigger liquidation of the 7,150 ETH long.
ā¢ Market comparison: ETH has fallen nearly 4 percentage points more than BTC over the past 7 days
From 22:00 on October 6 to 22:00 on October 13, Kraken hourly closing prices show BTC fell from $86,595.4 to $83,577.0 (-3.49%), while ETH fell from $2,721.91 to $2,521.93 (-7.35%). ETH underperformed the broader market by 3.86 percentage points.
The market hasnāt actually crashed: BTC is down just 3.5% over 7 days. But ETH has underperformed the broader market by nearly 4 percentage points, and that weakness is dramatically magnified by 25x leverage. Meanwhile, his cumulative losses have ballooned from $4.1M to $11.27M, and his position has been cut from 14,500 ETH to 7,150 ETH.
Three takeaways:
First, donāt blindly copy trades. Even a player at Machiās level can rack up $11.27M in cumulative losses in 7 days using 25x leverage. Leverage is a meat grinder, not an ATM.
Second, keep an eye on $2,472.78 in the short term. Thatās the liquidation level for his 7,150 ETH long. If the price drops below it tonight, liquidation will be triggered; if it holds, the position can stay alive a little longer.
Third, donāt use leverage on weak-performing coins. ETH has fallen more than twice as much as BTC over the past 7 days. When you get the direction wrong and pile on leverage, not even a miracle can save you.
Do you think heāll make it through tonight?
A: Yes, if it holds above $2,472.78, he lives to fight another day
B: No, a drop below that level will trigger liquidation
$ETH $BTC #仄å¤Ŗå #Cryptocurrency