Machibigbrother’s ETH Long Position Turns Profitable at $3.697 Million
On-chain data shows Machi Big Brother expanded his leveraged Ethereum position despite ongoing unrealized losses and a liquidation threshold well below current prices.
ETH
Summary
On November 16, on-chain data revealed that trader Machi Big Brother increased his 25x leveraged long to 7,700 ETH valued at $24.475 million. The liquidation price for this position is $3,045.4, with the trade currently showing an unrealized loss of about $1.712 million. This reflects a heightened risk exposure in volatile market conditions, as the liquidation threshold remains significantly under prevailing Ethereum prices.
Terms & Concepts
- ETH Long Position: A trading strategy where an investor buys Ethereum intending to profit from an expected rise in its price.
- Liquidation Price: The specific price at which a leveraged position is automatically closed by the exchange to prevent further losses.