Machi is dancing on the edge of a cliff again! This time, he has only about $1 million in assets left, yet is carrying nearly $15 million in $ETH long positions.
Total losses have already ballooned to $36.4459 million, while total account assets are down to just $1.0353 million. The perpetual position is worth $14.8919 million, with leverage as high as 28.68x.
Machi currently holds 6,100 $ETH , using 25x cross margin to go long. His entry price is $2,398.52, and he has an unrealized profit of $260,900. But the most dangerous thing isn't the size of his unrealized profit—it's that his available margin has already hit zero, leaving almost no room for a buffer.
What's even more concerning is that the liquidation price shown on the dashboard is $2,404.27, even higher than the entry price. This contradicts the usual liquidation mechanics for a long position and may involve an issue with the account's margin or how the data is displayed, so it shouldn't be taken as a direct indication of the actual distance to liquidation.
My take: Machi's challenge now isn't how much he can make, but whether he can withstand the volatility. Whale or veteran, anyone running a fully invested, highly leveraged position can still get a harsh lesson from the market when conditions turn wild. Unrealized profit isn't profit in the bank; staying in the game is what gives you a shot at the next round.
Total losses have already ballooned to $36.4459 million, while total account assets are down to just $1.0353 million. The perpetual position is worth $14.8919 million, with leverage as high as 28.68x.
Machi currently holds 6,100 $ETH , using 25x cross margin to go long. His entry price is $2,398.52, and he has an unrealized profit of $260,900. But the most dangerous thing isn't the size of his unrealized profit—it's that his available margin has already hit zero, leaving almost no room for a buffer.
What's even more concerning is that the liquidation price shown on the dashboard is $2,404.27, even higher than the entry price. This contradicts the usual liquidation mechanics for a long position and may involve an issue with the account's margin or how the data is displayed, so it shouldn't be taken as a direct indication of the actual distance to liquidation.
My take: Machi's challenge now isn't how much he can make, but whether he can withstand the volatility. Whale or veteran, anyone running a fully invested, highly leveraged position can still get a harsh lesson from the market when conditions turn wild. Unrealized profit isn't profit in the bank; staying in the game is what gives you a shot at the next round.