Ethereum approaches Machi's liquidation price again, prompting rapid position reduction
BlockBeats news, on June 1, according to HyperInsight monitoring, the crypto market continued to decline this afternoon. Ethereum fell below $2,000 and is currently reported at $1,984.5, once again approaching Machi's Ethereum long position liquidation price. In response, Machi has just urgently reduced his position by 200 ETH; he now holds an Ethereum 25x long position worth $7.74 million, with the latest liquidation price at $1,971.81.
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