Machi Increases Ethereum Long Position Despite Significant Losses

Onchain Lens posted on X that Machi, known by the handle @machibigbrother, has deposited $210,000 in USDC into HyperLiquid to bolster his Ethereum long position with a 25x leverage. Prior to this move, Machi had closed the majority of his position at a loss as the market declined, resulting in a total loss exceeding $29.7 million.