Looks like someone's having a rough day in the markets.
Machi thought closing out 2,100 ETH—worth roughly $6.72 million—would be enough breathing room. Turns out, not quite. The wallet just got hit with another partial liquidation.
Here's where things stand now: still holding 7,200 ETH, valued around $22.93 million. But here's the kicker—the new liquidation threshold? $3,171.59. That's uncomfortably close if volatility decides to spike again.
Cutting positions early doesn't always mean you're in the clear. Sometimes the market just keeps swinging.
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BankruptcyArtist
· 12-12 03:19
Here it is again, this is the cost of leverage
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ETH over 22 dollars and still daring to play big, truly bold
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Damn, almost lost it all, this wave was really risky
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Reducing positions and still being chased? Market maker is ruthless
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I told you, not all disposals can save you
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Over 3,000 liquidation price... that must be nerve-wracking
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Seven million isn't enough? That’s why I only buy spot
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Volatility comes and it explodes directly, really playing with fire
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I've seen tough guys, but never seen such tough leverage
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Clearing once and coming back for a second time, this guy is really persistent
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TrustlessMaximalist
· 12-11 06:57
7200 ETH is still on the edge; how strong must that mindset be?
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SandwichTrader
· 12-11 06:56
Reducing positions can't save you either; this round is really disastrous.
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SneakyFlashloan
· 12-11 06:32
Oh no, this is the cost of leverage. Reducing positions can't even save you.
Looks like someone's having a rough day in the markets.
Machi thought closing out 2,100 ETH—worth roughly $6.72 million—would be enough breathing room. Turns out, not quite. The wallet just got hit with another partial liquidation.
Here's where things stand now: still holding 7,200 ETH, valued around $22.93 million. But here's the kicker—the new liquidation threshold? $3,171.59. That's uncomfortably close if volatility decides to spike again.
Cutting positions early doesn't always mean you're in the clear. Sometimes the market just keeps swinging.