Ethereum Drop Triggers Fresh Liquidation for Machi Big Brother, Losses Hit $35M

Jeffrey Huang, widely known as Machi Big Brother, has once again experienced a partial liquidation on his highly leveraged 25x Ethereum position. Following the latest market movement, he has also closed out most of the remaining trade.

Consequently, his total losses have now climbed to nearly $35 million.

The developments come as Ethereum continues to weaken, slipping around 3% over the past 24 hours and trading near $1,619.

Source: Onchain Lens