Machi's Ethereum and Bitcoin longs reach $131 million
- —Machi's total long position is $131 million
- —32,600 ETH are valued at $85.73 million
- —495 BTC are part of the position
- —ETH liquidation at $2,517, BTC at $73,501
Why it matters: A large long position could trigger a liquidation cascade and amplify volatility if ETH falls to $2,517.
Source: Coinfomania