As the market keeps sliding, Machi has been forced to close most of his long positions. He was holding heavy leveraged bets on ETH at 25x and BTC at 40x, and both got liquidated in the process. This is a brutal turn for a whale who was betting big on the upside. So far, Machi is sitting on nearly $32 million in realized losses. He still holds a portion of his positions, but the remaining exposure is now only worth around $10 million. It's a stark reminder that even the biggest players aren't immune to leverage pain when the market turns against them. Stay safe out there, and manage your risk. The market doesn't care about your conviction.