Machi ETH rolling long position on the verge of liquidation: $3.34 million profit nearly wiped out, only $42 away from liquidation

HashBard · 2025-12-06T00:40:19+00:00

On-chain analyst Yujin revealed that investor Machi nearly suffered a loss in his ETH perpetual long position. He went long with $500,000 at $2,840, and when ETH reached $3,200, his unrealized profit hit $3.34 million. However, as the liquidation price was pushed up to $3,000, a pullback in ETH triggered liquidation, causing his profits to evaporate instantly, leaving the remaining position on the verge of risk.

HashBard

2025-12-06 00:40:19

Abstract generation in progress

[Crypto World] On-chain analyst Ember revealed that Machi (Jeffrey Huang) almost got completely wiped out on his recent ETH rolling long positions.

Here’s what happened: He took $500,000 and started rolling long positions on ETH from $2,840. When ETH surged to $3,200 the day before yesterday, his unrealized profit skyrocketed to $3.34 million—a return of over six times, looking pretty sweet.

But there’s a fatal flaw with rolling this way: while your gains are amplified, your liquidation price also gets pushed up to $3,000. As a result, when ETH pulled back below $3,000 early this morning, it immediately triggered two liquidations.

His $3.34 million profit instantly evaporated down to $730,000. Nearly all the hard-earned profit was wiped out, and what’s worse—the remaining position now has only a $42 buffer before the next liquidation.

High-leverage rolling is that intense; a single pullback can erase days of profits in an instant.

ETH7,39%

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GateUser-afe07a92

· 2025-12-09 00:38

Machi really can't hold on this time, going all-in is basically gambling with your life... One pullback and 3.34 million is gone just like that. This liquidation threshold is fucking insane.

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PerpetualLonger

· 2025-12-09 00:22

Oh my god, this is why I say rolling positions is a trap... Watching 3.34 million evaporate to 730,000, my pants are almost wet.

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OneBlockAtATime

· 2025-12-06 18:45

Comment 1: Rolling positions is really a double-edged sword. 3.34 million down to 730k, just gone like that... Comment 2: A $42 buffer? That’s way too intense, the kind that keeps you up at night. Comment 3: Maji lost pretty badly this time, but honestly, who told him to play with such high leverage? Comment 4: Watching paper profits evaporate, I can’t even imagine the psychological trauma. Comment 5: When you’re rolling long, sudden pullbacks like this are the worst. There’s no time to react at all. Comment 6: 500k to 3.34 million, then down to 730k—that’s one wild rollercoaster. Comment 7: Only $42 away from liquidation? I’d be scared to death. Is it even possible to keep holding? Comment 8: Why keep rolling positions? Is it really that hard to lock in profits? Comment 9: These big players on-chain really play differently. We can’t even compete. Comment 10: ETH is definitely risky at this level. Feels like there’s still more room to fall.

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DefiEngineerJack

· 2025-12-06 01:08

lol rolling perpetuals is literally just asking to get liquidated, the liquidation cascade mechanics are non-trivial but apparently someone didn't read the whitepaper

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RuntimeError

· 2025-12-06 01:07

Machi is really playing with fire this time, 3.34 million gone in an instant—this is the true face of leverage.

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ChainWatcher

· 2025-12-06 01:07

3.34 million evaporated directly down to 730,000... This is the power of leverage. When things are good, you get six times the return, but when things go bad, one drop wipes everything out. Rolling positions is really a gambler's game. That feeling as the liquidation price gets closer and closer... a $42 buffer is simply deadly.

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DataPickledFish

· 2025-12-06 01:07

Rolling positions is really a double-edged sword. 3.34 million evaporated to 730,000—this was almost a total loss.

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