Machi: $1.9M ETH Liquidation on 25x Long

Machi suffered full liquidation on his ETH 25x long, dropping another $1.9M before immediately reopening the same leveraged bet.

His cumulative losses now exceed $35.4M according to on-chain records from the past year. ETH trades at $1621.41 inside the Bollinger Bands with the lower support at $1583.43 acting as the next volatility target. The 50-EMA at $1697.89 and 200-EMA at $1842.66 both sit overhead as firm resistance while the MACD death cross at -28.38 confirms sustained bearish momentum and RSI at 36.2 leaves room for further downside before any oversold bounce materializes.