Machi Forced to Close Majority of ETH Long Position Amid Market Drop, Faces Over $79M in Losses

ETH-2.78%
Gate News message, trader Machi (@machibigbrother) closed the majority of his $ETH long position with 25x leverage following a sudden market downturn. During the closure process, he experienced partial liquidation. Machi currently maintains a 2,900 $ETH long position with 5x leverage, currently showing unrealized losses exceeding $35M. His total losses have surpassed $79.87M.
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