Crypto Whale Machi Reopens ETH Longs After $13.7M Liquidation

Taiwanese singer and crypto whale Huang Licheng, aka Machi Big Brother, is once again making waves in the crypto market. After facing a massive liquidation that wiped out $13.7 million in profits. Machi has doubled down on his Ethereum bets, showing he’s not backing down from volatility.

Machi’s $8.8 Million ETH Comeback

According to on-chain data from Lookonchain, Machi deposited 284,000 USDC into the decentralized derivatives exchange Hyperliquid shortly after his recent liquidation. This move marks his renewed long position on ETH, totaling 2,300 ETH, valued at roughly $8.8 million. His current liquidation price sits at $3,680.92. Which means if Ethereum drops below that point, he could face another margin call. 

Despite this risk, the data suggests Machi remains confident in ETH’s upside potential. Before this loss, Machi was one of the top-performing traders on the platform. He reportedly earned cumulative profits of $44.84 million. However, following the recent liquidation event. His total position has flipped to more than $13.7 million in cumulative losses. This signals a dramatic turn in fortune.

From Massive Gains to High-Stakes Losses

The liquidation event that triggered Machi’s downfall highlights the brutal side of high-leverage trading. On-chain analytics show that his previous positions were heavily leveraged. It exposes him to rapid liquidations during sudden market dips. Despite the setback, Machi’s decision to re-enter with a large ETH position shows a mix of resilience and conviction. 

While many traders might retreat after such losses, Machi’s aggressive return reflects his long-standing strategy. He is betting big on market rebounds. Market watchers note that his moves often create ripples in the crypto community. Known for his influence and bold plays. Machi’s actions are closely tracked by traders who see him as a sentiment barometer for short-term ETH momentum.

Deep Dive Into His Hyperliquid Positions

Fresh data from Hyperliquid reveals Machi’s new long position operates with a 17x leverage. That brings his total position value to $9.42 million. His margin usage stands at 71.65%, with a strong long exposure of 100%. It confirms a fully bullish stance on Ethereum. His ETH perpetual contract shows an unrealized profit of around $165,000. It translates to roughly 41% ROE at the time of data capture. 

While the position is currently profitable, such leverage leaves little room for market corrections before hitting liquidation thresholds. Additionally, Machi also opened a smaller HYPE token long position worth around $382,000. This signals his interest in diversified on-chain exposure beyond ETH.

A Risky But Calculated Bet

Machi’s bold return to ETH longs has once again turned heads. It’s a risky yet calculated bet, as Ethereum has shown steady growth in recent weeks. It is hovering around the mid-$3,800 range. If bullish momentum continues, his leveraged position could quickly recover earlier losses. But the market remains unpredictable. A sharp correction could push ETH near its liquidation price. It is putting his $8.8 million position at risk. 

Still, for a trader like Machi, who has built his name on taking high-risk, high-reward positions. This move fits the pattern. Whether it’s a comeback story or another cautionary tale. The market will be watching closely as Machi rides the ETH wave once again.