Machi: $32M Loss After Reopening 1,275 ETH Long

Machi suffered complete liquidation on his 25x $ETH and 40x $BTC long positions, closing the $BTC trade in profit while the $ETH position booked a loss before immediately reopening a 1,275 $ETH long at 25x leverage that pushed total losses to $32M.

Price action on the 4-hour chart shows ETH testing the lower Bollinger Band support near $2181.95 with RSI at 28.24 flashing oversold conditions, yet the MACD death cross at -26.1 and price sitting below both EMA50 at $2279.62 and EMA200 at $2271.63 lock in the bearish structure that favors further downside pressure before any sustained recovery.