HyperInsight says Machi’s $2.42 million Ethereum long position was later liquidated after the market pulled back, reducing the account’s remaining value to about $27,000 on March 23.
HyperInsight said trader Machi increased an Ethereum long position to $2.42 million around 7 p.m. on March 23, with a liquidation price of $2,142. The market later reversed and triggered the liquidation, leaving the account worth only about $27,000. The update turns the earlier position increase into a completed liquidation event tied to a leveraged Ethereum trade.