Lookonchain said on Sept. 15 that Machi, also known as machibigbrother, is reducing positions as the market declines. The on-chain tracking account said the trader's losses over the past week have exceeded $5 million. According to the update, Machi now holds only a 20,000 ETH long position, valued at about $47.98 million. The liquidation price on that remaining position was listed at $2,380.57. The figures were cited by BlockBeats in a brief market update tied to whale activity.
BlockBeats reported on Sept. 15, citing Lookonchain, that Machi, also known as machibigbrother, is cutting positions to stop losses as the market falls.
Lookonchain said losses over the past week have exceeded $5 million. Machi now holds only a 20,000 ETH long position worth about $47.98 million, with a liquidation price of $2,380.57.
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