Machi Big Brother Is Back With His Biggest Ethereum Bet Yet

High-profile crypto whale Machi Big Brother, whose real name is Jeffrey Huang, has re-entered the Ethereum markets with a $34 million leveraged long position on Hyperliquid, marking his biggest bet yet after previous forced liquidations in December.

This new trade comes as his overall Hyperliquid account shows cumulative losses of $22.5 million and is $67 million below its peak equity. The new position immediately moved against him, incurring minor losses initially. Machi's history involves extreme risk-taking, often using 15x to 25x leverage on large ETH longs that collapsed during previous pullbacks.

Machi's timing coincides with Ethereum trading in a fragile zone around $3,000–$3,100, failing to break $3,300 resistance. His $34 million bet, backed by less than $2 million collateral, signals a high-conviction belief that ETH will hold above $3,000 and rebound toward $3,300–$3,500. However, the high leverage means even a small drop could trigger another liquidation, making the trade a stress test for Ethereum's current price floor.

(Source：BeInCrypto)