Trader Machi loses $2M in single day, faces liquidation at $2,786.64 on 2,500 ETH long

An address linked to trader Machi Huang Licheng recorded $2 million in losses on Jan. 30 during a market downturn, HyperInsight data show. The address now holds a 2,500 ETH long position with over $430,000 in unrealized losses and a liquidation price of $2,786.64.