Machibigbrother: 15.6B Volume on Papertrade Nets 424K Loss

@machibigbrother opened predominantly long $ETH positions on @papetrade_xyz with leverage ranging from 50x to 1000x, the majority at 100x, generating 15.6 billion USD cumulative volume since October 10 while realizing 833K USD losses that placed the account tenth on the loss leaderboard.

The trader received a 437K $PAPER airdrop, of which 405K tokens applied to the account, trimming the net shortfall to 424K USD after the offset.

Price sits at 2404.14 inside the Bollinger Bands with upper resistance at 2455.17 and lower support at 2366.34, while the EMA50 at 2447.39 and EMA200 at 2522.68 define the bearish structure; the neutral RSI at 46.71 combined with the MACD golden cross at -11.68 suggests any test of the upper band will likely meet selling that drives a retracement toward the 50-EMA before the next directional move.