TREE NEWS update: A trader known as ‘麻吉’ (Machibig) suffered a floating loss of $2 million within 80 minutes, while holding long positions of 888.88 BTC and 19,100 ETH. The rapid adverse price movement highlights the risks of leveraged trading in volatile markets.
Machibig loses $2M in 80 min, holds 888.88 BTC and 19.1K ETH longs
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AI take
The episode is a reminder that headline position sizes in BTC and ETH can mask how quickly leverage turns against a holder during a sharp move. What stands out is the speed of the drawdown rather than its absolute size, which speaks to the fragility of crowded long positioning when liquidity thins. Whether such large, publicly visible longs get reduced or defended is the open question, since that behavior can shape short-term sentiment around ETH and BTC.
Generated by AI for reference only.
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