Bitcoin experienced a dramatic price swing late on December 17th: initially, around 10:45 PM, Bitcoin saw a rapid surge, briefly breaking through $90,000; however, selling pressure subsequently emerged, causing Bitcoin to give back its gains and even fall below $87,000. Ethereum followed a similar pattern, first breaking through $3,000 before quickly falling back, currently trading at $2,850.
According to Coingales data, in this volatile market, the total amount of liquidations across the network reached $194 million in the past four hours, including $72 million in long positions and $121 million in short positions.
Machi Big Brother suffered heavy losses chasing the rising stock price.
It's worth mentioning that Machi Big Brother Licheng, a well-known crypto investor in Taiwan, once again chased the rally during the evening's market movement. According to @OnchainLens monitoring, Machi Big Brother deposited 149,904 USDC in the evening and opened new long positions in Bitcoin (40x leverage), HYPE (10x leverage), and Ethereum (25x leverage), but all three are currently at a loss.
Furthermore,according to data from Hyperbot, Maggie, who was known as the "King of Long Positions," has accumulated a loss of $3.4 million in the past week, which can be described as a series of setbacks.
