About $44.84 million in unrealized gains—gone a year later, with another roughly $36.85 million lost on top.
There’s a well-known trader in crypto circles whom everyone calls Machi Big Brother. A year ago, he was sitting on about $44.84 million in unrealized profits from on-chain futures trades—it was like he was playing with cheat codes. But early this morning, his Ethereum long position was liquidated in full once again: the roughly 250,000 U he’d deposited as margin just two days earlier was almost instantly wiped out.
What really stings is the ledger: not only did he give back all those massive profits, he ended up about $36.85 million in the red. Not long after getting liquidated, he was back in the game, opening another highly leveraged Ethereum long. Some say he took about 15 minutes to regroup; others say he came charging back a few hours later with more than 20x leverage.
Make over $40 million in a year, lose it all a year later, and end up another $30 million-plus in the hole—with one liquidation and re-entry after another along the way. In crypto, the most nerve-racking moments often aren’t the instant riches, but those times you can’t resist taking another shot because you think you can win it all back. What do you think of this never-say-die approach? Let’s talk in the comments.
There’s a well-known trader in crypto circles whom everyone calls Machi Big Brother. A year ago, he was sitting on about $44.84 million in unrealized profits from on-chain futures trades—it was like he was playing with cheat codes. But early this morning, his Ethereum long position was liquidated in full once again: the roughly 250,000 U he’d deposited as margin just two days earlier was almost instantly wiped out.
What really stings is the ledger: not only did he give back all those massive profits, he ended up about $36.85 million in the red. Not long after getting liquidated, he was back in the game, opening another highly leveraged Ethereum long. Some say he took about 15 minutes to regroup; others say he came charging back a few hours later with more than 20x leverage.
Make over $40 million in a year, lose it all a year later, and end up another $30 million-plus in the hole—with one liquidation and re-entry after another along the way. In crypto, the most nerve-racking moments often aren’t the instant riches, but those times you can’t resist taking another shot because you think you can win it all back. What do you think of this never-say-die approach? Let’s talk in the comments.