Machi Big Brother's high-leverage long on ETH hit repeated stop-losses, with account equity retracing from $12.3 million to $1 million

Odaily News: According to on-chain analyst Ember, Machi Big Brother (machibigbrother) grew approximately $150,000 into $12.3 million in August through rolling long positions on ETH, during which ETH rose from around $1,900 to $2,500.

Entering September, ETH fluctuated between $2,400 and $2,600. Due to repeated stop-losses from high-leverage rolling positions, Machi Big Brother's account equity has now retraced from $12.3 million to approximately $1 million. If ETH's price drops another few dozen to one hundred dollars, his remaining positions may be liquidated.

Earlier reports indicated that Machi Big Brother had already closed his BTC and HYPE long positions yesterday.