Celebrity investor Jeffrey Huang, known as Machi Big Brother, is risking a massive liquidation on his highly leveraged Ethereum position. He holds a 25x leveraged long on ETH, with a total position of 2,600 ETH valued at approximately $10.14 million. The average entry price is $3,955.13, but with ETH currently trading around $3,894, he is already facing an unrealized loss of over $164,000.
His liquidation threshold is set at $3,803.86, and with margin usage at 95.72%, over $404,000 in collateral is at immediate risk. To avoid liquidation, Huang has repeatedly injected funds, including deposits of $220,000 USDC from QCP Capital over the weekend and an additional $100,000 USDC today, raising his position from 1,439 ETH to 2,600 ETH. Later, he added another $105,000 USDC, adjusting the liquidation price to around $3,803.71.
This risky strategy mirrors his past losses, where he reportedly lost $35 million in profits from a similar leveraged bet on the XPL token during Uptober. Meanwhile, ETH has struggled in the market, dropping 4% in the last 24 hours and failing to sustain a rally above the $4,080 resistance level, keeping it in a tight range that threatens overleveraged positions.
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