Machi loses over $5M in a week, holds $47.98M ETH long
- —Machi's weekly loss exceeded $5 million
- —A position of 20,000 ETH worth $47.98 million remains
- —The long's liquidation price is $2,380.57
Why it matters: A large long with a nearby liquidation could add pressure on ETH if the price falls further.
Source: PANews