EyeOnChain
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Bearish
If ETH slides a little more, Machibigbrother’s last major position could be liquidated. Machibigbrother Is on the Brink, The Largest Drawdown Yet
Leverage made him famous. Now leverage is turning on him.
His address 0x020ca66c30bec2c4fe3861a94e4db4a498a35872,
just faced another brutal wave of losses, the kind that ends careers if the next move isn’t perfect.
Over the last 24 hours, his account has been hit with a total of $1.36M in realized losses, leaving only $211K behind.
The forced reductions tell the whole story:
$HYPE --- 40,000 tokens closed , loss $205,070.16
$BTC --- 15 BTC closed , loss $320,000
$ETH --- 4,500 ETH reduced , loss $429,000
But the most dangerous position is still alive. Machibigbrother is still holding a long of 2,500 ETH worth over $7 million, and the market is currently against him:
Unrealized loss: over $380,000 , Liquidation price: $2,813.95
The next candle decides whether this story is a comeback…
or the moment the market finally takes everything.
Leverage made him famous. Now leverage is turning on him.
His address 0x020ca66c30bec2c4fe3861a94e4db4a498a35872,
just faced another brutal wave of losses, the kind that ends careers if the next move isn’t perfect.
Over the last 24 hours, his account has been hit with a total of $1.36M in realized losses, leaving only $211K behind.
The forced reductions tell the whole story:
$HYPE --- 40,000 tokens closed , loss $205,070.16
$BTC --- 15 BTC closed , loss $320,000
$ETH --- 4,500 ETH reduced , loss $429,000
But the most dangerous position is still alive. Machibigbrother is still holding a long of 2,500 ETH worth over $7 million, and the market is currently against him:
Unrealized loss: over $380,000 , Liquidation price: $2,813.95
The next candle decides whether this story is a comeback…
or the moment the market finally takes everything.
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