machibigbrother’s 39,025-ETH Long Nears $2,501 Liquidation Price

machibigbrother’s 39,025 Ether (ETH) long position, valued at about $99.8 million, is nearing its $2,501.38 liquidation price as the market falls.

The position’s liquidation threshold is set at $2,501.38. A further decline in Ether would bring the leveraged trade closer to automatic closure at that level.

The holding represents a large concentrated long position in ETH, making its liquidation price a key level for the trade. The position was approaching that threshold on Oct. 7 as Ether weakened.