Machi Big Brother Sells 3 Bored Apes to Save His Ethereum Long — But His Liquidation Price Is Now Just $22 Away
(48 days ago) · 1 source · Summarized by CryptoBipto
Crypto whale Machi Big Brother sold three Bored Ape Yacht Club NFTs to reduce his leveraged Ethereum long position by 52%. Despite cutting the position size, the move brought his liquidation price dangerously close — just $22 below the current ETH price — meaning a small price drop could wipe out his remaining position.
WHY IT MATTERS
Imagine you borrowed money to bet that a stock would go up. If the stock drops too far, the lender forces you to sell everything — that's called 'liquidation.' A crypto whale named Machi Big Brother made a big borrowed bet that Ethereum's price would rise, but things aren't going well. He sold some of his valuable digital art (Bored Ape NFTs) to shrink his bet, but now he's in an even tighter spot — if ETH drops just $22, his entire remaining position gets automatically sold off. This matters because when a huge position like this gets liquidated, it can flood the market with sell orders and push the price down for everyone else, kind of like a domino effect.
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