Key Highlights
- Our intrepid hero, Jeffrey Huang-better known as the illustrious Machi Big Brother-has gallantly injected 250,000 USDC into his sinking ship after Ethereum teetered below the fateful $2,900 mark.
- He now clings to a $12.94 million long position, comprised of 4,450 ETH, which, one might say, is a rather extravagant bet for a man with a penchant for high drama.
- His precarious new liquidation price sits at a mere $2,841.97, offering about as much breathing room as a sardine in a can.
On that fateful Friday, the crypto seas turned tempestuous, and our gallant whale, Jeffrey Huang, also known to the masses as Machi Big Brother, narrowly dodged the dreaded liquidation. With Ethereum’s price dropping like a lead balloon beneath $2,900, our brave captain was compelled to throw in an additional 250,000 USDC to stabilize his beleaguered vessel amidst the turbulent waters of the Hyperliquid Decentralized Exchange (DEX).
His current holdings, a testament to his unwavering conviction, sit at a staggering valuation of $12.94 million, consisting of 4,450 ETH, as chronicled by the ever-watchful Lookonchain.
As $ETH plummeted below $2,900, Machi (@machibigbrother) hastened to trim a portion of his $ETH long to stave off liquidation.
Then, with a flourish befitting a grand performance, he deposited another 250K $USDC into Hyperliquid to bolster his $ETH long.
Current Position: 4,450 $ETH ($12.94M)
Liquidation Price: $2,841.97…– Lookonchain (@lookonchain) January 23, 2026
On-chain data from the ever-gossiping Hypurrscan reveals that he now faces a liquidation price of roughly $2,841.97. While the fresh deposit provides a temporary reprieve-akin to a life raft in a storm-his margin for error is thinner than a politician’s promise, hovering at a mere 2.8% above the current market prices.
As we stand at this literary juncture, Ethereum is trading at a quaint $2,993.71, reflecting a modest 1.21% increase over the last 24 hours. The market capitalization sits at a princely $361.32 billion, although the 24-hour trading volume has nosedived by 20.72%, leaving many a trader scratching their heads. The circulating supply? A robust 120.69 million ETH, equal to the total supply, which, much to everyone’s chagrin, knows no upper limit.
A Double-Down Strategy for the Ages
This isn’t the first rodeo for Huang, who seems to delight in these high-stakes maneuvers. His profile suggests a rather audacious “double-down” strategy, where he boldly thrusts capital into the fray to prevent his positions from meeting their untimely demise.
This recurring spectacle of partial liquidations followed by extravagant capital infusions harkens back to November 2025, when our protagonist lost over $15 million before bravely redoubling his Ethereum long-truly, a tale worthy of the finest dramatic literature!
The Market’s Roiling Implications
While the recent infusion of 250,000 USDC offers a fleeting safety net, it also elevates the stakes considerably. Should Ethereum fail to rise above the critical $2,841.97 liquidation threshold, Huang may face a loss so catastrophic it would make even the most hardened trader weep, with repercussions rippling through the Hyperliquid exchange and creating sell pressure that could rival a deluge.
Yet, undeterred by the specter of imminent doom, Machi Big Brother’s bold actions signal a steadfast belief in Ethereum’s long-term potential-even if the short-term horizon resembles a rather dismal landscape of risk. What a delightful farce this all is!
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2026-01-23 22:15