Machi (@machibigbrother) just got completely wrecked. His long positions on both $ETH (25x leverage) and $BTC (40x leverage) were fully liquidated. While his $BTC position managed to close in profit, the $ETH trade ended in a painful loss. In a classic display of conviction, Machi immediately reopened a fresh long position of 1,275 $ETH at 25x leverage right after the liquidation. This move brings his total realized losses to a staggering $32 million. This serves as a brutal reminder of the unforgiving nature of high-leverage trading in crypto. Even the most confident traders can face catastrophic losses when the market moves against them. The decision to re-enter immediately after liquidation highlights the psychological trap many traders fall into: trying to chase losses with even bigger risks. The key takeaway here is risk management. Leverage amplifies both gains and losses, and when positions are overleveraged, even a small market dip can trigger a cascade of liquidations. Machi's experience underscores why professional traders often stick to lower leverage and strict stop-losses.