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Machi Big Brother Returns to Ethereum With 25x Leverage Amid Market Volatility
Ethereum – Prominent crypto trader Jeffrey Huang, widely known as Machi Big Brother, has made a bold comeback to the Ethereum [ETH] market, reopening a highly leveraged position despite ongoing volatility. The move underscores Huang’s continued bullish stance, even after significant recent losses.
High Leverage, High Stakes
Huang reopened a 25x leveraged long position on 100 ETH, valued at roughly $364,240, while committing just $16,771 in perpetual equity. On-chain data shows he entered at $3,641.90 per ETH, but with Ethereum trading near $3,490, his position faces an unrealized loss of approximately $4,958. The liquidation price sits at $3,462.85, meaning a minor dip could completely wipe out his position.
Following the October 11 market crash, Huang reportedly injected $1.73 million to maintain his long positions. However, his equity has since shrunk to just $16,771, highlighting the enormous risks of high-leverage trading in turbulent markets.
Marketwide Selloff Shakes Traders
The broader crypto market is under heavy pressure. Bitcoin [BTC] fell below $105,000, trading near $104,511, a 3% drop over 24 hours, while Ethereum slid 6.3%, hovering around $3,490. This sharp pullback has triggered mass liquidations: 331,903 traders were wiped out in the last 24 hours, suffering combined losses exceeding $1.33 billion. Long traders bore the brunt with $1.19 billion in losses, while short positions lost about $142 million. The largest single liquidation hit Huobi, erasing a BTCUSDT position worth $47.87 million.
Critical Support Levels in Focus
Crypto analyst Ali Martinez, using Glassnode data, identified $3,120 as a key Ethereum demand zone, where 2.62 million ETH have accumulated. Below $2,950, the next major support levels lie at $2,870 and $2,530, potentially determining whether Ethereum stabilizes or faces further downside pressure.
Huang’s daring move and the broader market volatility highlight how leveraged traders navigate risk while critical support levels will dictate Ethereum’s near-term trajectory.
