Open account

Machi Big Brother Leveraged Ether Long Partially Liquidated to 252 ETH

A leveraged long position associated with Machi Big Brother was partially liquidated on October 24, cutting the holding to 252 Ether valued at roughly $592,000. The remaining 25x leveraged position carries an unrealized loss of approximately $24,000 with a liquidation threshold of $2,326. Earlier on October 24, related trading data showed an Ether long down 70% and an address with lifetime losses of $35.35 million selling Mutant Ape NFTs for liquidity. The downsized position had previously been reopened at 1,325 ETH following an earlier liquidation on October 17.

Category

Ethereum

Sentiment

Bearish

Event

Crypto native

Reading time

1 min