Prominent on-chain whale Machi (@machibigbrother) has swung from profit to a $3.29 million loss over the past seven days, with two large leveraged positions now drawing attention for their proximity to liquidation thresholds.
The current book: 8,500 ETH worth roughly $19.31M, with a liquidation price at $2,197.95, and 152 BTC worth $11.59M, liquidating at $72,161.47. Neither level is imminent at current prices, but the speed of the drawdown suggests the positions are under meaningful pressure.
Large whale liquidations can amplify short-term volatility — particularly in ETH, where the position size is significant enough to move thin order books if forced selling kicks in.
Lookonchain