On-Chain Data Shows Machi Sells 2,100 ETH Amid Price Drop

The trader realized a $130,000 loss as Ethereum fell below $3,200, with further unrealized losses on remaining holdings.

ETH

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Terms & Concepts
  • On-chain analyst: An expert who examines blockchain transaction data directly from the network to identify patterns and market movements.
  • ETH: The native cryptocurrency of the Ethereum network, used for transactions, smart contracts, and decentralized applications.
  • Liquidation price: The price at which a leveraged position is automatically closed by an exchange to prevent further losses.