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Machi Big Brother Raises 25x Leveraged Ethereum Long to 6,400 ETH

Machi Big Brother Raises 25x Leveraged Ethereum Long to 6,400 ETH

Machi Big Brother increased his 25x leveraged Ethereum long to 8,500 ETH, with the position showing about $70,000 in unrealized profit and a liquidation level near $2,038.

ETH

Summary

Machi Big Brother increased his 25x leveraged Ethereum long position to 8,500 ETH. The position was reported to be showing about $70,000 in unrealized profit, with a liquidation price around $2,038. He also placed 31 limit sell orders between $2,117 and $2,300, indicating planned exits across that price range. The update added that his monthly win rate reached 75%, with three profitable closes out of four.

Terms & Concepts
  • Ethereum: A blockchain network whose native asset, ETH, is used for transactions, smart contracts, and decentralized applications.
  • Unrealized profit: A gain on an open position based on the current market price that has not been locked in by closing the trade.
  • Liquidation price: The price at which an exchange or platform would forcibly close a leveraged position because margin is no longer sufficient.