Machi Big Brother Fully Liquidated as Losses Near $29 Million
Prominent crypto trader Machi Big Brother has suffered another major wipeout. On February 24, onchain tracker Lookonchain reported that the whale was fully liquidated on the Hyperliquid perpetuals platform. His account balance reportedly dropped to about $24.9K. While cumulative realized losses climbed to roughly $28.95 million. The liquidation followed a series of aggressive high-leverage ETH long positions that moved against him during recent market weakness. Machi, whose real name is Jeffrey Huang, is a Taiwanese-American entrepreneur and crypto personality.
The Scale of the Collapse
This latest event marks one of Machi Big Brother’s most severe drawdowns to date. Data from Hyperdash showed his derivatives equity shrinking to near zero after repeated margin pressure. Over the past several months, the account experienced wave after wave of partial liquidations before finally being wiped out.
On-chain trackers estimate he has faced more than 145 liquidations since October 2025 alone. Earlier in 2026, his balance had already fallen sharply from previous highs. At various points, the account dipped below the $1 million mark before continuing lower. The contrast is striking. Once known for massive nine-figure swings, Machi is now left with only a small remainder of capital.
Trading Strategy and Risky Bets
The core pattern behind the losses appears consistent. Machi Big Brother repeatedly opened aggressive leveraged long positions. That is often around 25x or higher, mainly on Ethereum. At times, he also took positions in Bitcoin and smaller tokens. But ETH longs dominated his exposure.
Instead of reducing risk after losses, the trader often added margin and doubled down. Onchain observers described the behavior as classic high-conviction averaging combined with heavy leverage. While this approach can produce large gains in bull markets. It becomes extremely dangerous during sideways or bearish conditions.
Public dashboards from platforms like Lookonchain and Hyperdash showed his positions running with very thin liquidation buffers. As volatility increased, the margin cushion disappeared quickly. Eventually, the positions could not withstand further price pressure.
Background and Reputation
Jeffrey Huang has built a reputation over the years as one of crypto’s most aggressive traders. Since around 2021, his trades have frequently gone viral across social media. He has also been involved in various crypto and NFT projects. That kept him in the public spotlight. Because of this visibility, each large win or loss tends to attract heavy attention. Supporters often praise his risk tolerance. But Critics point to a long history of boom-and-bust cycles tied to extreme leverage.
Lessons and Market Implications
The wipeout is another reminder of how unforgiving leveraged trading can be. Even well-known whales like Machi Big Brother with large capital pools can face rapid losses when markets move the wrong way. Recent weakness and volatility in major crypto assets likely accelerated the liquidation process. More broadly, the episode highlights a simple truth. High leverage can multiply profits fast. But it can destroy accounts just as quickly. For many traders watching from the sidelines. Machi’s latest loss serves as a very public lesson in risk management.
Related Articles
Wintermute: The level that ETH truly needs to watch is around $1,600, and institutional demand has not yet returned.
Gate's spot market share remains among the top three globally, with derivatives ranking fourth in the industry.
Data: In the past 24 hours, the entire network has liquidated $375 million, with long positions liquidated at $291 million and short positions at $83.7468 million.
Bitcoin has fallen for five consecutive months, dropping below $63,000 again.
Is the Bitcoin price discovery power shifting to CME? Institutional funds reshaping BTC pricing logic and global macro linkage