Machi closed out most of his long positions in ETH and BTC, incurring a cumulative loss of nearly $32 million.

CoinFeed reported on May 15th that, according to Onchain Lens, as the market continued to decline, Machi (@machibigbrother) has closed out most of his long positions in ETH and BTC, with the ETH position having a 25x leverage and the BTC position a 40x leverage. Some of his positions were also liquidated during this period. Currently, Machi's cumulative losses are close to $32 million, and he still holds some positions with a remaining value of approximately $10 million.