Machi Big Brother sells 3 Bored Apes, cuts Ethereum long 52.51% to 2,500 ETH as liquidation sits $22.50 away
On-chain data show whale Machi Big Brother reduced an ETH long position from 5,264 ETH to 2,500 ETH and sold three Bored Ape NFTs. The position is set to 25x leverage, with a liquidation price of $1,859.15 versus a market price of $1,881.65, leaving a $22.50 gap and elevated liquidation risk. The position is down 52.51% from July 14, while the liquidation price is $102.39 higher than it was then.