Ethereum Trader 'Machi' Faces Further Partial Liquidations of $29.95 Million on HyperLiquid
Machi’s 25x leveraged Ethereum position was partially liquidated, leaving only $30,000 before losses surpass $30 million, highlighting the severe risks of high-leverage trading on volatile crypto platforms.
ETH
USDC
HYPE
Fact Check
The claim is supported by multiple news reports and on-chain tracking data from early March 2026. Reports from Bitget and Phemex confirm that Machi Big Brother (Jeffrey Huang) faced partial liquidations on his Hyperliquid ETH long positions. The specific figures (2,500 ETH and $200,000 unrealized loss) align with the snapshot of his position following these liquidations as reported by crypto news outlets like PANews and Odaily.
Summary
On March 8, 2025, Ethereum trader 'Machi' experienced further partial liquidations on his 25x long position of 2,820 ETH at a liquidation price of $1,913 on HyperLiquid. Total losses have reached $29.95 million, with just $30,000 separating the account from exceeding $30 million in losses. Previously, Machi had deposited 90,188 USDC and added 625 ETH to reinforce his position, maintaining high exposure despite prior substantial losses.
Terms & Concepts
- ETH: Ethereum's native cryptocurrency, used for transactions and smart contract execution on the Ethereum blockchain.
- Leverage Trading: A trading method allowing investors to borrow funds to increase position size, amplifying both potential gains and losses.
- HyperLiquid: A decentralized derivatives exchange that enables trading of crypto assets with leverage and without intermediaries.