Famous trader Machi played with high leverage and almost got liquidated: only 15 dollars left before 3300 ETH long order gets liquidated.

[Chain News] The market witnessed another thrilling scene. Well-known trader Machi has gone a bit overboard with this round of ETH long positions—using 25x leverage and directly facing some liquidations, urgently closing some positions to stem the losses.

But the situation is still not optimistic. He still holds 3,300 ETH, which is about 9.5 million dollars at the current price. The problem is that the liquidation line is right in front of him, only 20 dollars away from the next liquidation point. What does this mean? If ETH fluctuates slightly, the account could blow up again.

The data shows a more severe situation: lost 1.36 million dollars in the past 24 hours, with an account balance of only 211,000. There is still a long positions exposure of 9.37 million dollars in ETH, with an unrealized loss of 473,000, and the liquidation price is stuck at 2831.58 dollars, with a safety cushion? Only 15.72 dollars left.

In total, this wave of operations has already caused him to lose over 20.89 million dollars. That's the nature of high leverage; it's great when the market goes up, but there isn't even a chance to cushion the fall when it goes down. The market won't go easy on you just because of who you are.