Machi Big Brother’s $15 Million Wipeout Highlights Crypto Leverage Risk

Crypto trader Machi Big Brother, known for his aggressive strategies and substantial trading activity, has experienced a complete loss of over $15 million in Ethereum trades. This follows a series of leveraged positions that went awry following a market downturn. 25x long positions were opened on ETH at liquidation points around $3,546, leaving him with minimal funds. The events highlight the high-risk nature of leverage trading in crypto markets. Despite this setback, Machi has consistently resumed trading with new leveraged positions, demonstrating his characteristic resilience.