Machi's account is down another 2,000-plus
I'm still keeping an eye on Machi—the account was around 45,700 in the 7 p.m. post, but now there's only about 43,200 left on HL. The 540 ETH, 25x long is still open; entry price 2,304, liquidation price 2,203. ETH is around 2,239, just 1.6% from liquidation, and the unrealized loss has widened to about 35,000.
My take: don't copy the trade in the same direction. The margin is still draining, and the edge is getting closer.
Follow if you want to see how this trade ends. Comment 1 to hold on no matter what, comment 2 to cut losses now.
$ETH $BNB
I'm still keeping an eye on Machi—the account was around 45,700 in the 7 p.m. post, but now there's only about 43,200 left on HL. The 540 ETH, 25x long is still open; entry price 2,304, liquidation price 2,203. ETH is around 2,239, just 1.6% from liquidation, and the unrealized loss has widened to about 35,000.
My take: don't copy the trade in the same direction. The margin is still draining, and the edge is getting closer.
Follow if you want to see how this trade ends. Comment 1 to hold on no matter what, comment 2 to cut losses now.
$ETH $BNB
