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Machi Big Brother cuts ETH long to 3,500 as liquidation risk intensifies

Machi Big Brother cuts ETH long to 3,500 as liquidation risk intensifies

Huang Licheng slashed a 25x leveraged Ether position from roughly 16,300-16,575 ETH to 9,600 ETH and then 3,500 ETH as ETH fell toward $1,800, leaving the trade within 1% of liquidation.

ETH

Fact Check
Multiple corroborating sources confirm the claim. The BlockBeats flash (356621) and the original X post by on-chain analyst @ai_9684xtpa both state Machi's (Huang Licheng) ETH long was reduced from a peak of 16,575 ETH to 9,600 ETH, with liquidation only $16 from market price and 24h gains erased ($1.008M drawdown). Prior flashes (odaily 500958, blockbeats 356538, odaily 501297) document the larger position of ~15,200-16,300 ETH and repeated near-liquidation with ~$15 buffer, matching the '16,300-16,575 ETH' range and '$15-16 from liquidation' figures in the claim. All specific numbers align.
Summary

Huang Licheng, known as Machi Big Brother, sharply reduced a highly leveraged Ether long from about 16,300-16,575 ETH to 9,600 ETH and later to 3,500 ETH worth about $6.338 million on July 17 as Ether dropped toward $1,800. Earlier snapshots showed 25x leverage, average entry prices around $1,845.65 to $1,855.07, unrealized gains that were later mostly erased, a 24-hour drawdown of $1.008 million, and cumulative losses of $33.6 million tied to a strategy of repeatedly rolling bullish ETH positions. The latest update put the liquidation price at $1,795.49, less than 1% below Ether's $1,810.62 spot price after the U.S. market open, underscoring the position's narrow margin for further declines.

Terms & Concepts
  • liquidation: The forced closing of a leveraged position when losses leave insufficient collateral to support the trade.
  • 25x leverage: Borrowed exposure that magnifies gains and losses by 25 times the trader's capital.
  • ETH long: A bullish bet on Ether's price rising.