$ETH – Capitulation or Just the Beginning?
Machi Big Brother finally tapped out. After days of defending a heavy 25x long, he was forced to slash his position hard, cutting it down to just 540 ETH (around $1M).
This emergency move lowered his liquidation price to $1,886.59, giving him a little breathing room — but the damage is done. His account is nearly wiped, sitting at only $28K, with total losses reaching a brutal $25.9M.
When a big whale is forced to surrender like this, it often signals capitulation. The question now: is this a short-term bottom for ETH, or just another lesson on the dangers of high leverage?
News for reference only — not financial advice.
ETH
1,973.99
+2.81%