'Machi' Loses $11.27 Million in 7 Days, Account Balance Down to $562,000

BlockBeats News, October 13: According to on-chain analyst Ai Yi (@ai_9684xtpa), the address of "Machi Big Brother" Jeff Huang has accumulated a loss of $11.27 million within 7 days. Today alone, he reduced his positions twice, with realized losses of $1.01 million and $12,000, respectively. He is currently still holding a long position of 7,150 ETH (approximately $17.86 million) with 25x leverage, and the liquidation price is $2,472.78. The current price is only $26.52 away from the liquidation price. On October 5, his profits were still as high as $5.46 million, but now the account balance has dropped to just $562,000. [Original Link]