Ethereum Price Drop Leads to Partial Liquidation of High-Leverage Trade

A recent dip in Ethereum’s (ETH) price resulted in the partial liquidation of a large leveraged long position held by trader Machi Big Brother, according to Odaily. The trader, known for their aggressive strategies, had previously increased their ETH holdings, now totaling 3,775 ETH worth approximately $11.5 million. Despite the initial drop, the trade has since recovered profitability. The liquidation price was set at $2,936.18, while an unrealized profit of roughly $127,000 was realized.