On-chain data reveals ‘Machi’ suffered 22 liquidations in one day, deepening losses to $18.56 million despite opening a high-leverage ETH long post-liquidation.
On-chain analyst @ai_9684xtpa reported that trader Machi (Huang Licheng) was liquidated 22 times within a 24-hour period, incurring $1.047 million in losses. His aggregate account loss has now reached $18.56 million. Following the latest series of liquidations, Machi opened a new $340,000 ETH long position at $2,738.76 with 25x leverage.