"Momo's" 25x ETH long position was partially liquidated, resulting in a total loss of over $20 million.
According to on-chain analyst Onchain Lens monitoring, as the market declined, "Machi" had part of its 25x long position on ETH liquidated, and closed part of the position at a loss 11 hours ago. The currently held position has an unrealized loss of about 480,000 USD. Overall, Machi has currently lost more than 21.6 million USD.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ZK Technology's Rapid Rise: Could It Revolutionize Decentralized Finance?
- Zero-Knowledge (ZK) technology is revolutionizing DeFi by enabling $28B+ TVL through enhanced scalability, privacy, and institutional adoption by 2025. - ZK rollups achieve 43,000 TPS and 30% lower costs, attracting institutions like Goldman Sachs and driving the ZK Layer 2 market toward $90B by 2031. - Academic innovations (Cairo, ZK Passport) and regulatory sandboxes balance privacy with compliance, while ZKP market growth hits $7.59B by 2033 at 22.1% CAGR. - Challenges persist: ZK-SNARKs demand high c

A Vanguard executive compares Bitcoin to a digital Labubu

Ethereum (ETH) Dips to Retest Key Breakout – Will It Bounce Back?

Crypto Spot Trading Volume Plummets 66%: The Calm Before the Next Bull Run?
