Cumulative Losses of $37.05 Million: Machi Opens Another $5.88 Million Long Position After Nearly a Year and a Half of High-Leverage Trading

Odaily reports: According to on-chain analyst Ember's monitoring, Machi's ETH long position was fully liquidated in the morning due to the price drop triggered by the Binance hack incident. In the afternoon, Machi deposited another 250,000 USDC and continued to go long, and has now opened long positions worth $5.88 million, involving ETH, HYPE, and BTC. The ETH position carries relatively high leverage, with a liquidation price of $2,161, which is $86 away from the current price. Machi has traded intensively on Hyperliquid for nearly a year and a half, with a trading volume of $15.86 billion and cumulative losses of $37.05 million.