La position longue à roulement sur ETH de Machi est sur le point d’être liquidée : 3,34 millions de dollars de profits presque réduits à zéro, à seulement 42 dollars de la liquidation.

[Crypto World] On-chain analyst Yujin revealed that Machi (Jeffrey Huang) almost wiped out his entire ETH rolling long position this time.

Here’s what happened: He started with $500,000 and began rolling long positions on ETH from $2,840. When ETH surged to $3,200 the day before yesterday, his unrealized profit soared to $3.34 million—a return of more than six times, which looked fantastic.

But there’s a fatal flaw with rolling positions: while the returns are amplified, the liquidation price is also raised to $3,000. As a result, early this morning ETH retraced and dropped below $3,000, directly triggering two liquidations.

The $3.34 million instantly shrank to $730,000. Almost all the hard-earned profits were wiped out, and even worse—the remaining position now has only a $42 margin before the next liquidation.

High-leverage rolling is just that thrilling; a single retracement can erase several days’ worth of gains.