With Bitcoin falling to $80,000, forced liquidations are bleeding the pockets of many investors, with multiple on-chain monitoring companies reporting that three large accounts, including those of two beaked whales and prominent trader Jeffrey “Machi Big Brother” Huang, suffered combined liquidations of more than $30 million within hours.
According to blockchain security firm Peckshield, $11.41 million worth of liquidations occurred to Aave borrowers identified as wallets on-chain. 0x94de…940a. position folded Early Friday morning, Bitcoin fell to around $80,000, pushing the account’s loan-to-value ratio above the protocol’s threshold.
Abe whale suffers big losses on long bet on Bitcoin
On-chain data from cleared transactions shows that users had built large leveraged positions with $10.55 million in wrapped Bitcoin, $116.66 in wrapped Ether, and over $9.9 million worth of Aave-related tokens.
#PeckShieldAlert Aave whale 0x3436…2094 was liquidated again at $1.92 million after BTC fell to around $80,000.
The whale was long $WBTC and $wstETH and borrowed $USDT and $USDC using them as collateral.
The cumulative liquidation total for this wallet currently stands at approximately $5 million. pic.twitter.com/c8bHRljh0X
— PeckShieldAlert (@PeckShieldAlert) November 21, 2025
When Bitcoin took a turn for the worst, the trader twice bid farewell to 56.61 ETH worth more than $154,000 each sent to addresses tied to liquidation contracts. The combination of foreclosed collateral and debt repayments formed the basis of the $11.41 million event that forced the account to close.
Including this event, the total cumulative liquidations affecting this wallet reached $20 million, according to a screenshot of the Hypurrscan dashboard shared by Peckshield.
The second borrower turns out to be a whale 0x3436…2094 faced liquidation proceedings totaling $1.92 million during the same market downturn. This wallet used wrapped Bitcoin and wrapped Stake Ether as collateral to borrow USDT and USDC. According to the latest information from Peckshield, the total amount liquidated in this wallet is now close to $5 million.
Machi Big Brother liquidates completely, with losses exceeding $20.23 million
American-Taiwanese actor-turned-cryptocurrency trader Jeffrey Huang also participated in today’s massive liquidation event, with LookonChain reporting that his primary trading account was “fully liquidated” with a balance of just $15,538 and a negative profit or loss of more than $20.23 million.
Machi Big Brother had made several leveraged long bets on Ether on the HyperLiquid exchange before the widespread market price correction occurred. Six hours before his account was erased, Lookonchain noted that he had deposited 115,000 USDC to continue adding longs.
Since the market crash on October 11th, he transferred 6.96 million USDC to HyperLiquid, almost all of which is now lost. data According to Hyperliquid, Machi’s most recent position was a 25x cross-margin Ether long with 100 ETH-USD contracts totaling $274,400.
The entry price hovered around $2,737 and the mark price was just above $2,744, giving him a small unrealized gain of $664, but that temporary increase wasn’t enough to offset the losses he was counting on Ether. The second-largest coin by market capitalization has plunged more than 3% in the past 24 hours and is currently trading well below $3,000.
The economic downturn also wiped out the fortunes of Binance founder Zhao Changpeng, the “anti-CZ whale” who famously shorted ASTER shortly after acquiring it. Ten days ago, this trader’s total profits on HyperLiquid were close to $100 million, but the market crash wiped out more than $61 million of them.
This anti-CZ whale just got liquidated in the market crash!
He was once a legend who earned nearly $100 million, but now his profits have dropped to $30.4 million. https://t.co/UR55h4gK7l pic.twitter.com/5Tnp9UVEae
— Lookonchain (@lookonchain) November 21, 2025
Due to the downturn in Ether and XRP, the profit on Whale’s oversized long position was reduced to $38.4 million, and further reduced to $30.4 million after the final liquidation wiped out more than 60% of the account balance.
Market downturn due to ETF outflows and US employment statistics
At the end of Thursday’s trading session, the cryptocurrency market was met with doom and gloom. sell off This came from the US Spot Bitcoin ETF, which recorded net outflows of $903.11 million. This was led by BlackRock’s IBIT, which withdrew $355.5 million, and Grayscale’s GBTC, which withdrew $199.35 million.
Cumulative outflows in November reached a whopping $3.79 billion, and if this trend continues, Bitcoin may not be able to return to $100,000 by the end of the month.
Meanwhile, the US economy added 119,000 jobs in September, beating expectations of 50,000, prompting traders to reevaluate their positions in the crypto market.
