Machi Faces Liquidation Amid Market Decline, Opens New Ethereum Position

Onchain Lens posted on X that as the market experiences another downturn, Machi, known by the handle @machibigbrother, has faced complete liquidation on his Ethereum (ETH) and Bitcoin (BTC) long positions. Despite this setback, Machi has initiated a new Ethereum long position with 25x leverage. Currently, Machi's losses amount to over $28.8 million.