ETH Price Drop Triggers Partial Liquidation of High-Leverage Position

According to Odaily, a brief decline in Ethereum (ETH) prices last night led to the partial liquidation of a 25x leveraged long position held by a trader known as Machi Big Brother. Hyperbot data indicates that the trader quickly increased their position, now holding 3,775 ETH valued at approximately $11.5 million. The position has since returned to profitability, with a liquidation price set at $2,936.18 and an unrealized profit of around $127,000.