$25M in Losses: Machi Liquidated for 1,000 ETH After Market Drop

Machi Big Brother loses 1,000 ETH worth $2.88M as liquidation price drops to $2,858, pushing total losses near $25M.

Machi Big Brother, also known as Huang Licheng, faced another liquidation as Ethereum prices moved lower.

Due to the market drop, 1,000 ETH worth about $2.88 million was liquidated. This event pushed his cumulative losses close to $25 million, based on available trading data.

Series of Liquidations Amid Market Decline

Machi Big Brother experienced multiple liquidations during the recent market downturn.

According to Lookonchain, Machi Big Brother was liquidated for another 1,000 ETH during the recent market drop.

The liquidation was valued at about $2.88 million. This event added to a series of forced position closures linked to falling Ethereum prices.

https://x.com/lookonchain/status/2015465503935066292?s=20

Lookonchain data shows that Machi’s total losses are now nearing $25 million. The liquidations occurred as Ethereum moved lower across major exchanges.

Leveraged positions were affected as price levels approached liquidation thresholds.

Despite the liquidation, Machi still holds an open position. His current position stands at 3,750 ETH, valued at about $10.84 million.

The new liquidation price for this position is set at $2,858.32, based on on-chain data.

Current Position and Liquidation Levels

Following the latest liquidation, Machi still holds an open Ethereum position. Current data shows a remaining position of about 3,750 ETH.

This position is valued at roughly $10.84 million at recent prices.

The new liquidation price is set at $2,858.32. This level places the position close to current market ranges. Small price declines could trigger further forced selling.

The position is backed by limited collateral. Reports indicate that less than $2 million supports the leveraged trade.

This structure increases sensitivity to short-term price changes.

Leveraged Strategy and Trading History

Machi Big Brother, also known as Jeffrey Huang, has continued using high leverage despite recent losses.

He recently reopened a leveraged Ethereum long position valued near $34 million on Hyperliquid. This move followed earlier liquidations in December.

Data shows that his trading account equity is more than $67 million below its peak level. Previous Ethereum long positions were wiped out during earlier market corrections.

These events reduced available margin for new trades.

Ethereum has been trading in a narrow range between $3,000 and $3,100.

Market sentiment remains cautious due to ETF outflows and uncertain interest rate expectations. These conditions have limited strong price rebounds.

Related Reading: Dormant Ethereum Address Moves $145M, Market Eyes Next Move

Broader Market Context

Ethereum price movements have remained volatile in recent sessions. Liquidity conditions have tightened, and leveraged traders face higher risk.

Forced liquidations have increased during sharp intraday moves.

ETF-related flows have added pressure to the market. Outflows have reduced short-term demand.

Traders continue to monitor macro signals and central bank policy guidance.

Machi’s recent liquidation reflects the risks tied to leveraged trading during unstable markets.

Price levels near liquidation thresholds remain critical. Ongoing volatility continues to shape outcomes for large leveraged positions.