Crypto Whale Machi Big Brother is Getting Liquidated

Key Developments

Jeffrey Huang, widely known as "Machi Big Brother," has initiated a new long position on 3,000 Ethereum (ETH) on the decentralized perpetual exchange Hyperliquid. This substantial trade, valued at approximately $9.81 million, was funded with an additional $262,500 in USDC. This move follows a recent partial liquidation of his existing ETH long position on the same platform.

The latest financial maneuver by Huang highlights his ongoing high-stakes trading strategy, characterized by significant leverage and volatile outcomes. Data from on-chain analysis firm Lookonchain reveals that his current bullish bet on ETH experienced a partial liquidation, prompting the injection of new capital to bolster his position.

Current Position Details

The updated trading position consists of 3,000 ETH, representing a notional value of approximately $9.81 million. Following the recent deposit and adjustments, the new liquidation price for this trade has been set at $3,199.31. This strategic adjustment aims to mitigate the immediate risk of a total loss on his substantial leveraged bet.

Despite the repositioning, the trade remains susceptible to market fluctuations. The current ETH price, estimated to be around $3,270, is only a few hundred dollars away from the liquidation threshold, underscoring the inherent risks associated with such highly leveraged positions.

Background: A High-Stakes Trader

Jeffrey Huang, operating under the moniker "Machi Big Brother," is a recognized figure in both the entertainment and cryptocurrency industries. His background includes roles as a serial entrepreneur, a pioneer in decentralized finance (DeFi) as the founder of projects like Cream Finance, and a former member of the Taiwanese hip-hop group L.A. Boyz.

Within the crypto community, Huang is acknowledged as a significant market participant whose leveraged trading activities, particularly on Hyperliquid DEX, are closely monitored by on-chain analysts.

This recent event follows a substantial loss just weeks prior, where Huang's previous high-leverage ETH long position on Hyperliquid was completely liquidated, resulting in a reported loss exceeding $15 million. Prior to that liquidation, his trading account had shown unrealized profits as high as $44.84 million, which subsequently reversed into significant losses, illustrating the extreme risks involved in perpetual futures trading with high leverage.

Following the $15 million liquidation, Huang promptly reopened a highly leveraged ETH long position, signaling continued confidence in Ethereum's price performance despite the significant financial setback.

Controversial Figure in Crypto

Beyond his trading endeavors, Huang has been a subject of public controversy. He was previously involved in a notable legal dispute with crypto investigator ZachXBT concerning allegations of mismanagement of funds from past ventures. Although the lawsuit was eventually withdrawn, the incident contributed to ongoing public scrutiny of his profile.

Huang's decision to increase his position after experiencing another liquidation further solidifies his reputation as a high-risk speculator in the cryptocurrency market. This persistent approach ensures that his trading activities will continue to attract close attention from market observers.