Jeffrey Huang, the Taiwanese singer and crypto whale known as Machi Big Brother, has doubled down on his highly leveraged Ethereum long position, pushing its total notional value to as high as $14.48 million at one point. According to on-chain data tracked by analytics platforms Hyperbot and Onchain Lens, Huang executed the trade on the decentralized exchange Hyperliquid using 25x leverage.
Initial reports on May 26 showed the position valued at $14.48 million with an entry price of $2,104.86 per ETH and a liquidation price of just $2,084.43 — a gap of less than 1%. A subsequent update on May 27 revealed that Huang had deposited an additional 287,913 USDC, bringing the total to 6,325 ETH (approximately $13.11 million). The lower valuation likely reflects a slight decline in ETH's price, which also shifted the average entry price to $2,095.6 and the liquidation price to $2,034.6, a buffer of only 2.9%.
The extreme leverage magnifies both potential profits and risks. A minor adverse price movement could trigger an automatic liquidation, wiping out Huang's entire margin and potentially sparking a cascade of sell orders if the exchange is forced to close the position. Such a scenario would add downward pressure on Ethereum's price.
Huang, a well-known figure in the NFT and DeFi community, frequently makes large, high-risk bets that are closely scrutinized by traders. While his positions do not necessarily predict broader market trends, they highlight where significant liquidity is concentrated and serve as a cautionary tale about the dangers of leveraged trading.
