2026-01-12 23:28:10

Machi, the big trader, is back again. This time, he's playing with quite high leverage—using less than $2 million in total collateral to directly take a $34 million ETH long position. The account's historical performance is not very optimistic: it has already lost $22.5 million, with a drawdown of over $67 million from its all-time high. Currently, this new long position is underwater, with a floating loss of $3,250. Market participants are watching to see if he can turn things around this time under such tight collateralization. With this high leverage setup, any unexpected volatility could trigger a margin call. The market is curious whether he's gambling on a rebound or reenacting past tragedies.

ETH6,27%

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TokenomicsDetective

· 01-12 23:58

This guy is back again, truly a gambler's nature. 2 million levered to 34 million, how desperate must that leverage be? Machi is betting his remaining life against the market. He's already lost so much but keeps leveraging. I'm truly impressed. Besides liquidation, what other outcome is there for this kind of operation? Losing 67 million and still playing with fire. Are you not afraid of going bankrupt again? Waiting to see the liquidation moment. If this wave crashes again, it really feels like it's over. It's probably gambler's psychology—losing more makes you want to turn things around, but usually, this just doubles the loss. Oh my god, a floating loss of 325,000 yet still holding a long position. That mental toughness is incredible. It's the same old trick—playing with 2 million capital at 17x leverage. No wonder you're getting liquidated. Please, just get liquidated quickly, so I don't have to keep wasting my time watching this tragedy. Is this the legendary "give up after breaking the pot" style of trading?

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Ramen_Until_Rich

· 01-12 23:56

Machi is gambling with his life again. Will he turn things around this time? Feels like he's going to lose.

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ShibaSunglasses

· 01-12 23:50

Machi is gambling with his life again. This leverage ratio is just one drop in the price away from liquidation.

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GasFeeCrier

· 01-12 23:50

This guy really is "unable to learn" and is playing with fire again. Losing money, going long, and still doubling down? This time he's really throwing in the towel. Gambler's mentality, going all-in on the last hand, it's nerve-wracking to watch. Losing 22.5 million and still continuing, how much pressure can one withstand? The liquidation distance is so close, just waiting to see the show. It's not looking down on him, but I think playing like this will eventually blow up. Next time I see Machi, there's an 80% chance it's another new story. This setup with a single pin is an instant GG, no suspense at all.

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