Prominent crypto trader Machi Big Brother, the pseudonym of Taiwanese-American entrepreneur Jeffrey Huang, has been completely liquidated on a highly leveraged Ethereum long position, resulting in an estimated $29 million loss. According to on-chain analytics firms OnchainLens and Lookonchain, the final liquidation event wiped out the trader's account, leaving a balance of approximately $24,900.
The liquidation was triggered by a 25x leveraged long position on Ethereum (ETH). At such high leverage, a mere 4% price move against the position is sufficient to erase margin. The liquidation occurred as ETH traded near $1,800, following a 37% decline over the previous 30 days. Public dashboards tracked the account's shrinking equity in real-time as market volatility increased and liquidation buffers narrowed.
On-chain data reveals a repeated high-risk trading strategy employed by Machi Big Brother, characterized by opening aggressive long positions with leverage around 25x or higher. When prices moved against these positions, additional margin was frequently added in a strategy described as high-conviction averaging with heavy leverage. This approach can yield significant gains during strong uptrends but leads to rapid losses in declining or sideways markets.
The broader market context saw increased volatility, with both Ethereum and Bitcoin experiencing price declines that placed pressure on leveraged long positions across the board. The liquidation of Machi Big Brother's account marks one of the largest recorded losses tied to this prominent crypto whale. On-chain records confirm that no active leveraged positions remain in the account, which has been nearly fully depleted.
