Taiwanese singer and crypto investor Jeffrey Huang, known as Machi Big Brother, has reduced part of his Ethereum (ETH) and Bitcoin (BTC) long positions as liquidation prices moved closer, according to on-chain analyst EmberCN. The adjustment came after a market pullback squeezed leveraged traders, highlighting the intense risk in crypto derivatives markets.
EmberCN reported that Huang’s ETH position was roughly $50 away from its liquidation price, while his BTC position was about $1,800 away. To mitigate the risk, Huang trimmed exposure, cutting his capital from a peak of $11 million to about $4.5 million. Data from Hypurrscan shows he still retains a $93.53 million ETH long and a $35.02 million BTC long, meaning he remains heavily leveraged despite the defensive move.
Huang had repeatedly added to long positions during the earlier price surge, growing initial capital from $150,000 to $11 million. The subsequent pullback reduced the value of those positions and prompted the partial exit, a pattern of aggressive accumulation followed by rapid de-risking that is common among high-net-worth leveraged traders.
In a separate but related event, Hyperliquid trader James Wynn was liquidated on a 1.86 BTC position worth approximately $147,000 shortly after flipping from a Bitcoin short to a long. Blockchain analytics platform Lookonchain shared the on-chain data. Hyperliquid is known for high-leverage perpetual futures, and the rapid liquidation reflects how quickly positions can be wiped out during volatile conditions.
According to Coinglass, more than $200 million in leveraged positions were liquidated across all exchanges in the past 24 hours, with Bitcoin and Ethereum accounting for a large share. These incidents serve as cautionary examples of the dangers of leveraged trading and underscore the importance of risk management, stop-loss orders, and careful position sizing.
