Machibigbrother's high-leverage ETH long position suffers heavy losses

According to monitoring by Ember, Machibigbrother (machibigbrother) saw his account balance drop from $12.3 million to approximately $1 million. The investor had previously grown a $150,000 position to $12.3 million in August by using high-leverage rolling strategies as ETH rose from $1,900 to $2,500. However, frequent stop-losses triggered by high leverage during September's price volatility between $2,400 and $2,600 depleted the majority of the funds. The remaining position faces further liquidation risks if the price of ETH continues to decline.