Machi Big Brother Liquidated on 25X ETH Leverage: $29M in Losses
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Trader Machi Big Brother suffered a $29 million loss after being liquidated on a 25x leveraged ETH long position. Binance saw $33.3 billion in inflows, the highest since last November, while overall crypto and tech stocks remain significantly down from previous peaks.
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- Machi Big Brother was completely liquidated on a 25x ETH long, realizing an estimated $29M loss.
- Binance recorded $33.3 billion in inflows over 30 days, the highest since last November.
- Major assets remain well below peaks, with crypto and tech stocks facing steep drawdowns.
Prominent trader Machi Big Brother (@machibigbrother on X) faced full liquidation on a 25x leveraged long position in Ethereum, resulting in an estimated $29 million loss, according to OnchainLens.
The wipeout occurred as ETH traded near $1,800 after a 37% decline over the last 30 days. At 25x leverage, a 4% move against the position is enough to erase margin, but the market delivered more than that.
Read The Full Article Machi Big Brother Liquidated on 25X ETH Leverage: $29M in Losses On Coin Edition.
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