Markets· ★★· neutral·

Machi rebuilds ETH long to 2,350 coins after liquidation

  • —Added 1,250 ETH worth about $3.02 million, bringing the position to 2,350 ETH
  • —Average entry price is $2,407.59 versus a current price of $2,423.9
  • —Liquidation sits at $2,395.31, only 1.18% below the current price
  • —Unrealized profit on the position is roughly $38,300
Why it matters: A 25x long that liquidates on a 1.18% drop in ETH could add to selling pressure if the price slips.
#ETH
Source: TokenPost
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Machi-linked wallet liquidated 1,650 ETH and re-entered long within 6 minutes 55 seconds