coin-img-ETHETH-2.11%coin-img-SPCXBSPCXB-5.97%coin-img-BTCBTC-1.90%coin-img-SOLSOL-1.95%coin-img-XRPXRP-2.34%coin-img-USDCUSDC+0.01%coin-img-HYPEHYPE-3.74%coin-img-ASTERASTER+1.18%coin-img-ETHETH-2.11%coin-img-SPCXBSPCXB-5.97%coin-img-BTCBTC-1.90%coin-img-SOLSOL-1.95%coin-img-XRPXRP-2.34%coin-img-USDCUSDC+0.01%coin-img-HYPEHYPE-3.74%coin-img-ASTERASTER+1.18%coin-img-ETHETH-2.11%coin-img-SPCXBSPCXB-5.97%coin-img-BTCBTC-1.90%coin-img-SOLSOL-1.95%coin-img-XRPXRP-2.34%coin-img-USDCUSDC+0.01%coin-img-HYPEHYPE-3.74%coin-img-ASTERASTER+1.18%coin-img-ETHETH-2.11%coin-img-SPCXBSPCXB-5.97%coin-img-BTCBTC-1.90%coin-img-SOLSOL-1.95%coin-img-XRPXRP-2.34%coin-img-USDCUSDC+0.01%coin-img-HYPEHYPE-3.74%coin-img-ASTERASTER+1.18%

Machi unwinds most leveraged ETH longs after sharp selloff; losses top $79.87M

A sudden market pullback forced Machi to close the bulk of its 25x leveraged ETH long positions, triggering a partial liquidation. Onchain data show Machi still holds 2,900 ETH in 5x leveraged longs, currently sitting on more than $35 million in unrealized losses. Total cumulative losses have exceeded $79.87 million, according to Onchain Lens.
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