Add as a preferred source on GoogleMachi Cuts 4,700 Ether as Realized Losses Reach $570,000
The remaining 24,500-ETH long position showed a $3.06 million unrealized loss, with liquidation set at $2,473.56.
Machi sold 4,700 Ether (ETH) at a realized loss of about $570,000 on Oct. 8, reducing its long position as the remaining holdings showed deeper losses.
The position now contains 24,500 ETH and carries an unrealized loss of roughly $3.06 million. Its liquidation price was $2,473.56, with a $38.22 gap to the market price.
The reduction followed Machi’s closure of long positions in HYPE, Bitcoin (BTC) and PUMP. Machi had previously held 29,000 ETH after closing those positions, valued at about $73.64 million, with a liquidation price of $2,486.33.
The decline erased nearly $4 million in earlier unrealized gains, leaving Machi down about $3 million.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.