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Machi Big Brother Wallet Partially Liquidated as Crypto Market Drop Deepens Losses

Machi Big Brother Wallet Partially Liquidated as Crypto Market Drop Deepens Losses

According to Onchain Lens, the address linked to Machi Big Brother rebuilt more than $11.82 million in leveraged long positions after partial liquidations during a sharp March 30 market wick.

BTC
ETH
HYPE

Fact Check
The event is documented in real-time by on-chain monitoring service Onchain Lens and widely reported by reputable crypto news platforms like BlockBeats and Odaily. The specific figure of $11.82 million for the rebuilt position matches the fetched news content exactly.
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Summary

According to Onchain Lens, a wallet linked to Machi Big Brother rebuilt leveraged crypto long positions worth more than $11.82 million after being partially liquidated during a sharp market wick on March 30. The rebuilt positions include a 25x long on 4,425 ETH with a liquidation price of $1,963.61, a 40x long on 36 BTC with a liquidation price of $57,364.1, and a 10x long on 9,888.88 HYPE. Earlier reporting said the wallet’s total loss had widened to $31.3 million during the sell-off.

Terms & Concepts
  • Onchain Lens: A blockchain wallet tracking service that monitors public onchain activity and reports position changes.
  • liquidation: The forced closure of leveraged positions when losses or margin requirements breach exchange thresholds.
  • leveraged long positions: Trades that use borrowed funds to bet an asset’s price will rise, increasing both potential gains and liquidation risk.