Markets· ★★· bearish·

Machi loses $8.44M in a week as account value falls below $1M again

  • —Machi's weekly loss reached $8.44 million
  • —His account value fell below $1 million again
  • —The 9,950 ETH long is worth $24.68 million
  • —New liquidation price stands at $2,431.59
Why it matters: The large position is vulnerable if ETH drops below $2,431, potentially adding selling pressure.
Source: PANews