Machi's 25x Leveraged ETH Long Position Hits Additional Liquidation, Total Losses Exceed $20 Million
Machi's 25x leveraged long position in ETH faced another partial liquidation on Nov. 21 amid a market decline, Onchain Lens data show. The account's total losses have now surpassed $20 million. The liquidation occurred during a broader market downturn that triggered margin calls on highly leveraged positions.