Machi Big Brother Don Post $10M Loss for ETH BTC & Altcoin Longs
Machi Big Brother dey hold big long positions for ETH, BTC, HYPE and PUMP. Recent market downfall push im unrealized loss from $7.6 million to near $10 million. Lookonchain data show sey Ethereum break key support levels, wey make di losses for these leveraged positions worse. Even wit di strong market shakings, none of Machi Big Brother position don liquidate. Dis big unrealized loss show di risk for margin calls and possible liquidation kas-cades. Traders suppose dey watch whale activity and support levels for Ethereum and Bitcoin to sabi wetin go happen for market corrections.
Bearish
Dem big unrealized losses for Ethereum and Bitcoin long positions dey show say market volatility don increase well well and say dem fit force liquidate positions. If key support levels break, e fit make people sell more, which go put short-term downward pressure for prices. For long term, if whales still dey sell steady steady, e fit reduce market confidence, but if dem positions clear anyhow, e fit bounce back. Overall, liquidation cascade risk mean say market fit dey bearish for these assets.