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Machi's Massive ETH Long Bet Faces Significant Paper Losses
On-chain monitoring data shows that Machi (operated by Huang Licheng) has just ramped up his Ethereum exposure with a substantial long position. According to the latest tracking information, the trader is currently holding 7,525 ETH valued at approximately $22.02 million, leveraged at 25x—a highly concentrated bet on the upside.
Current Position Status
The position carries an unrealized loss of $375,000, reflecting recent market volatility. Machi’s average entry price was set at $2,975.54, placing him at a disadvantage as Ethereum (ETH) has experienced fluctuations in recent trading sessions. At current market conditions with ETH trading around $3.12K, the position dynamics continue to shift.
Risk Assessment
With such aggressive leverage on a 7,525 ETH stack, even modest price swings can translate into substantial P&L swings. The 25x multiplier amplifies both gains and losses, making this one of the more aggressive positioning strategies currently visible on-chain. The $375,000 drawdown serves as a reminder of the inherent risks when deploying significant leverage in crypto markets.
The Machi address remains closely monitored by the community as a bellwether for institutional-grade risk appetite in the Ethereum complex.