You can almost picture him watching the screen, slowly easing out of the position. Over the past few minutes, #machibigbrother has been trimming his ETH long in small increments — nothing dramatic. A partial close, a pause, then another reduction. In total, just over 69 ETH has been offloaded.

The position is still sizable though: around 6,350 ETH long, valued near $12.5 million. His entry sits in the low-$2K range, while price currently trades below that level, leaving the position underwater — not catastrophic, but clearly uncomfortable. Liquidation isn’t immediate, yet close enough to keep pressure on.

Meanwhile, he’s prepared for a bounce, with sell orders stacked above the market, roughly between $1,980 and $2,010. $ETH

ETHUSDT

Perp

1,986.51

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