Ethereum Bull Machi Loses Big After Closing Position Amid Market Drop
Machi, also known as Machibigbrother, has become the largest on-chain Ethereum bull after amassing over $100M in ETH longs. This significant holding makes him a prominent figure in the cryptocurrency market.
However, the recent market drop prompted Machi to close part of his position at a loss just 7 hours ago. The move resulted in a substantial loss of $1.96M for Machi.