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Machi Cuts 25x Ethereum Long After Unrealized Gains Top 110%

As of March 16, the leveraged Ethereum position was reduced to 7,575 ETH, with reported profit reaching $1.26 million over the past week.

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Terms & Concepts
  • Leverage: Using borrowed funds to increase trading exposure, which can amplify both gains and losses.
  • Long position: A trade that profits if the asset price rises from the entry level.
  • Ethereum: A blockchain network that supports smart contracts (self-executing blockchain code) and decentralized applications.