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Machi’s Leveraged ETH Position Faces Partial Liquidation Amid Market Drop

Onchain data shows Jeffrey Huang (Machi Big Brother) faced another forced liquidation on HyperLiquid but added funds to maintain his high-risk ETH long strategy.

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Summary

Lookonchain data indicates that Jeffrey Huang, known as Machi Big Brother, suffered another forced liquidation on November 18 on the HyperLiquid trading platform. Despite repeated liquidation events and cumulative unrealized losses exceeding $19 million from 25x leveraged ETH longs, Machi added $256,700 USDC to continue betting on Ethereum’s upside. Analysts warn this may constitute high-risk “revenge trading” in volatile market conditions.

Terms & Concepts
  • ETH: The native cryptocurrency of the Ethereum blockchain used for transactions, smart contracts, and decentralized applications.
  • Liquidation: The process by which leveraged positions are forcibly closed by an exchange when margin requirements are no longer met, preventing further losses.
  • USDC: A U.S. dollar-pegged stablecoin issued by Circle, commonly used in trading and lending within cryptocurrency markets.