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Machi Big Brother Expands $9.5 Million Ethereum Long Position With 25x Leverage

Machi Big Brother Expands $9.5 Million Ethereum Long Position With 25x Leverage

Machi Big Brother cut 118 ETH from the position during a rebound but still holds 5,850 ETH on 25x leverage, with the liquidation level now at $1,963.

ETH

Fact Check
The claim is accurately supported by multiple news reports and on-chain monitoring data. Specifically, the BlockBeats report (flash/335870) confirms the reduction of 118 ETH, the remaining 5,850 ETH position, the 25x leverage, and the $1,963 liquidation level. The timeline of events (expansion on March 10 and partial profit-taking on March 12) matches the provided context.
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Summary

Machi Big Brother reduced 118 ETH from his leveraged Ethereum long position during a market rebound, but still holds 5,850 ETH at 25x leverage, valued at $11.97 million. The position shows an unrealized profit of $176,000, with an entry price of $2,016 and a liquidation price of $1,963. The update indicates the position remains highly leveraged despite the partial reduction.

Terms & Concepts
  • Leverage: Borrowed capital used to increase trading position size and potential returns or losses.
  • Liquidation Price: The price at which an exchange will automatically close a leveraged position to prevent further losses.
  • Long Position: A trading stance expecting the price of an asset to rise, profiting from upward movement.