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TechFlow News, June 18: According to on-chain analyst Onchain Lens (@OnchainLens), “Brother Machi” (@machibigbrother) was forced to close most of his 25x-leveraged long ETH position due to a sudden market downturn, resulting in partial liquidation during the process.
He currently still holds a 5x-leveraged long ETH position of 2,900 ETH, with an unrealized loss exceeding $35 million and a cumulative total loss surpassing $79.87 million.
According to on-chain analyst Onchain Lens (@OnchainLens), due to a sudden market downturn, “Brother Machi” (@machibigbrother) was forced to close most of his 25x-leveraged long ETH position, resulting in partial liquidation during the process.
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