Machi (@machibigbrother) suffers full liquidation (forced closing of leveraged positions) — Account at $24.9K
According to a social media post, cumulative losses reached $28.95 million after the liquidation (forced closing of leveraged positions), leaving the account balance at $24.9K.
Summary
No Summary provided as the original text is short
Terms & Concepts
Liquidation: Forced closing of leveraged positions when collateral falls below maintenance requirements.
Leverage: Using borrowed funds to amplify trading exposure; increases both gains and losses.
Margin call: Broker/exchange demand to add collateral or reduce positions to avoid liquidation.