Key Highlights
- Machi Big Brother suffered a partial liquidation on his ETH long position on the Hyperliquid DEX. He deposited 262,500 $USDC to expand his bullish bet.
- His current trading position of 3,000 ETH, valued at approximately $9.81 million, with a new liquidation price of $3,199.31.
Jeffrey Huang, the prominent crypto whale known as “Machi Big Brother,” has opened a new long position of 3000 Ethereum (ETH) on decentralized perpetual exchange Hyperliquid, worth $9.81 million, using a fresh capital of $262,500 USDC.
The event marks the latest chapter in the trader’s volatile journey, which has seen him swing from multi-million dollar profits to huge losses. According to data by Lookonchain, Machi Big Brother’s current bullish bet on ETH faced a partial liquidation.
Current position snapshot
The current snapshot of the position shows the total position size of 3,000 $ETH, which translates to a notional value of approximately $9.81 million. The new liquidation price for this trade is $3,199.31.
This maneuver reduces the immediate risk of a total wipeout for his $9.8 million leveraged bet but still leaves the trade vulnerable to market volatility, with only a few hundred dollars separating the current ETH price, which is implied to be around $3,270, and his liquidation threshold.
A history of high-stakes trading
Machi Big Brother, a.k.a. Jeffrey Huang, is a well-known figure in both the entertainment and cryptocurrency worlds. He is a serial entrepreneur, a DeFi pioneer, having founded projects like Cream Finance, and a former member of the popular Taiwanese hip-hop group L.A. Boyz.
Within the crypto space, Huang is regarded as a major market whale whose highly leveraged trades, primarily on the Hyperliquid DEX, are closely tracked by on-chain analysts.
Just weeks prior, Huang suffered a loss after his previous high-leverage $ETH long position was completely liquidated on Hyperliquid, resulting in a loss of over $15 million. Before that, his trading account had been reported to hold as much as $44.84 million in unrealized profits, which reversed into losses exceeding $15 million over a period of time, showing the risks of highly leveraged perpetual futures trading.
Following the $15 million liquidation, he reopened a highly leveraged $ETH long, demonstrating confidence in Ethereum’s price trajectory despite the heavy financial setbacks.
A figure of controversy
Beyond the trading desk, Huang has been a controversial figure. He was previously involved in a high-profile legal battle with crypto investigator ZachXBT over allegations of fund mismanagement from past ventures. The lawsuit was eventually dropped, but the public scrutiny remains a part of his profile.
Huang’s latest decision to add to his position after yet another liquidation reinforces his reputation as one of crypto’s rather reckless speculators, ensuring that the market will keep its eyes fixed on his every move.
Also Read: Machi Big Brother Liquidated: $15M Crypto Loss on Hyperliquid
