The “Machi Big Brother” Hyperliquid account had $12.65 million three weeks ago. Now it has just $19,800.
More than $12.45 million has evaporated.
The reason is simple: ETH fell from $2,500 to $2,300, and the account was forcibly liquidated. He’s still holding an ETH long position worth $752,000, with only $19,800 in margin left.
A lot of people will say, “That’s what happens with high leverage.”
But what’s more interesting is that whenever news like this breaks, the comments always split into two camps: one mocks him for having no risk management and refusing to cut his losses; the other starts looking back and asking, “What if…?”
The question is, how did he make that $12.65 million three weeks ago? With high leverage and high volatility, too. When you’re making money, it’s called skill; when you’re losing, it’s called gambling.
With less than $20,000 in margin left and still holding a long position, do you think he’s betting on a reversal, or does he feel he has nothing left to lose?
#MachiBigBrother #Hyperliquid #ETH
More than $12.45 million has evaporated.
The reason is simple: ETH fell from $2,500 to $2,300, and the account was forcibly liquidated. He’s still holding an ETH long position worth $752,000, with only $19,800 in margin left.
A lot of people will say, “That’s what happens with high leverage.”
But what’s more interesting is that whenever news like this breaks, the comments always split into two camps: one mocks him for having no risk management and refusing to cut his losses; the other starts looking back and asking, “What if…?”
The question is, how did he make that $12.65 million three weeks ago? With high leverage and high volatility, too. When you’re making money, it’s called skill; when you’re losing, it’s called gambling.
With less than $20,000 in margin left and still holding a long position, do you think he’s betting on a reversal, or does he feel he has nothing left to lose?
#MachiBigBrother #Hyperliquid #ETH