$ETH : Machi went from a whale to a little fish in ten days. The cost of this move was enormous!
Once a crypto whale, he’s now backed into a corner by high leverage. His total losses have reached $36.5725 million. He lost another $4.4356 million in the past seven days, and his account now has just $279,800 in total assets.
Current position details:
Coin: $ETH
Direction: Cross-margin long
Position size: 2,100 $ETH
Position value: $5.0744 million
Average entry price: $2,515.81
Leverage: 25x cross-margin; the account shows 36.17x
Unrealized loss: $208,900
Cumulative funding fees: $1.3627 million
Liquidation price: $2,397.51
Available margin: $0
The most dangerous part is that Machi is still holding a $5.07 million long position, while his account has less than $280,000 in assets and no available margin left.
In just ten days, he went from a whale to a little fish. High leverage can magnify gains, but it can also destroy an account faster.
Don’t just watch whales and blindly follow their buys. Position management is the real rule for survival in the futures market.
Once a crypto whale, he’s now backed into a corner by high leverage. His total losses have reached $36.5725 million. He lost another $4.4356 million in the past seven days, and his account now has just $279,800 in total assets.
Current position details:
Coin: $ETH
Direction: Cross-margin long
Position size: 2,100 $ETH
Position value: $5.0744 million
Average entry price: $2,515.81
Leverage: 25x cross-margin; the account shows 36.17x
Unrealized loss: $208,900
Cumulative funding fees: $1.3627 million
Liquidation price: $2,397.51
Available margin: $0
The most dangerous part is that Machi is still holding a $5.07 million long position, while his account has less than $280,000 in assets and no available margin left.
In just ten days, he went from a whale to a little fish. High leverage can magnify gains, but it can also destroy an account faster.
Don’t just watch whales and blindly follow their buys. Position management is the real rule for survival in the futures market.
