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Machi’s $99.8 Million Ether Long Nears Liquidation at $2,501.38
The position covers roughly 39,000 ETH and was valued at $99.8 million as of Oct. 7.
Mentioned assets
Machi’s leveraged long position covering roughly 39,000 Ether (ETH) was nearing liquidation Wednesday, with the position valued at about $99.8 million and a liquidation price of $2,501.38 per ETH.
The position was valued at 9:54 a.m. ET (13:54 UTC) Oct. 7. A move to $2,501.38 would bring the position to its stated liquidation price.
The position highlights the liquidation risk attached to large leveraged trades in crypto derivatives.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.