“Brother Maji” Significantly Reduced Long ETH Positions, Cumulative Losses Exceed $79.87 Million

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.