Machi’s ETH Long Positions Liquidated Amid Price Drop
On-chain analytics reveal Machi Big Brother maintains a 7,100 ETH long position with 25x leverage, nearing take-profit execution as unrealized gains hover around $975,000.
ETH
Fact Check
The assessment is based on strong, consistent, and direct evidence from multiple relevant sources. The most authoritative source, Binance Square, explicitly reports the liquidation of 6,489 ETH belonging to 'Machi Big Brother' and crucially cites 'BlockBeats On-chain Detection,' indicating the claim is backed by verifiable blockchain data. This is directly corroborated by another crypto exchange, Bitget, which also confirms a series of liquidations affecting the same entity. Further sources provide strong contextual support: one from Bitunix confirms 'Machi Big Brother' has a history of similar large-scale liquidation events, and another from CryptoNews.net describes the specific 6,000 ETH long position and its liquidation price before the event occurred, confirming the position's existence and vulnerability. The remaining sources were deemed irrelevant as they did not pertain to the subjects of the statement (Machi, ETH, or liquidations). There is no conflicting evidence among the provided materials, leading to a high-confidence conclusion that the statement is true.
Summary
On January 4, on-chain analyst Ai confirmed Machi Big Brother’s 7,100 ETH leveraged long position valued at $22.3 million, entered at $3,005.8. The trade has an unrealized profit of $975,000, with a 200 ETH take-profit order set between $3,188.8 and $3,200—just $48 from execution. This marks an increase from a prior 5,000 ETH long position, underscoring his persistent high-leverage trading approach.
Terms & Concepts
- ETH long positions: An investment strategy where traders bet that Ethereum’s price will rise, typically using leverage.
- Leverage: A trading strategy that uses borrowed funds to amplify position size, increasing potential gains and losses.