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      Trader's High-Leverage Long Position on Ethereum Sees Significant Losses

      A trader known as Machibigbrother experienced substantial losses on a high-leverage long position in Ethereum (ETH), with funds plummeting from $12.3 million to approximately $1 million. This decline followed a series of stop-loss triggers as the price of ETH fluctuated in early September.

      In August, the trader initially capitalized on a rising market, increasing his investment from around $150,000 to $12.3 million as ETH surged from about $1,900 to $2,500. However, as the cryptocurrency's price stabilized between $2,400 and $2,600 in September, the high leverage used in his positions led to frequent stop-outs, significantly depleting his capital.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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