Ethereum Drop Triggers $79M+ Losses for Machi Big Brother

Jeffrey Huang, also known as Machi Big Brother, was compelled to close out most of his heavily leveraged 25x Ethereum long position after a sharp decline in the crypto market, during which he also faced partial liquidation.

Even after scaling back his exposure, he continues to hold a reduced 2,900 ETH long position at 5x leverage. However, the position remains under significant pressure, with current losses exceeding $35 million and overall losses climbing beyond $79.87 million.

Source: Onchain Lens