Trader "Machi" Opens New 25x Ethereum Long With $14,900 After $1.05M Liquidation

A trader known as "Machi" opened a new 25x leveraged long position on Ethereum using $14,900 in remaining funds immediately after a liquidation on Nov. 21, Hyperinsight data show. The position consists of 100 ETH with a liquidation price of $2,635. Earlier that day, Machi's previous 25x ETH long position was fully liquidated during a sharp market downturn, resulting in a $1.05 million loss.