TREE NEWS reports: Machi (Jeffrey Huang) has lost more than $5 million over the past week and is cutting positions to limit losses as the market declines. He now holds only a 20,000 ETH long position worth about $47.98 million, with a liquidation price of $2,380.57.
Machi Loses Over $5M in a Week, Still Holds $47.98M ETH Long
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AI take
This is a visible example of how leveraged long exposure gets punished in a broad downturn, and the position trimming suggests risk reduction rather than conviction. The remaining 20,000 ETH long keeps Machi's outcome tied to whether ETH holds above the stated liquidation level, making that threshold the key thing to watch. It also matters for anyone tracking large, identifiable wallets, since further cuts or a forced unwind could add to selling pressure.
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