According to ChainCatcher, market sources indicate that Machi (machibigbrother) has deposited an additional 210,000 USDC into the HyperLiquid contract trading platform to increase his leveraged long ETH position (up to 25x). Prior to this, as the market declined, Machi had already closed out most of his positions with stop-loss orders, and the cumulative loss on this trade has now exceeded $29.7 million.
Machi deposited an additional 210,000 USDC into HyperLiquid to further increase his long position in ETH.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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