Machi Loses Significant Funds Amid Multiple Liquidations

Blockchain analyst @ai_9684xtpa reported that Machi (Huang Licheng) suffered significant losses after 22 liquidations within a single 24-hour period. These events resulted in a total loss of $1.047 million to his account, bringing his overall losses to $18.56 million. Shortly following the latest liquidation, Machi opened a new 25x leveraged long position on Ethereum for $340,000, with an entry price of $2,738.76.