Prominent cryptocurrency trader Machi Big Brother has suffered another major debacle. On February 24th, on-chain tracker Lookonchain reported that the whale had been fully liquidated on the Hyperliquid Perpetuals platform. His account balance reportedly decreased to approximately $249,000. Meanwhile, cumulative realized losses increased to approximately $28.95 million. The liquidation took place after a series of aggressive high leverage $ETH A long position that moved against him during the recent market downturn. Machi (real name Jeffrey Huang) is a Taiwanese-American entrepreneur and cryptocurrency personality.
scale of collapse
This latest event marks one of Machi Big Brother’s most serious drawdowns to date. Derivatives assets have shrunk to near zero due to repeated margin pressures, according to Hyperdash data. Over the past few months, the account has gone through waves of partial liquidations and ultimately disappeared.
🚨New: Machi Big Brother liquidates completely with nearly $29 million in losses
According to @lookonchain, Machi (@machibigbrother) has been completely liquidated.
His account balance currently stands at just $249,000.
Total realized losses amounted to $28.95 million.
Machi big brother is a cryptographic pseudonym… pic.twitter.com/IhWRPCRd58
— BSCN (@BSCNews) February 24, 2026
According to on-chain trackers, he has faced more than 145 liquidations since October 2025 alone. At the beginning of 2026, his balance had already fallen significantly from its previous high. At various points, the account dipped below the $1 million mark and then fell further. The contrast is impressive. Once known for his huge nine-figure swings, Machi now has very little capital left.
Trading strategies and risky bets
The central pattern behind the losses appears to be consistent. Machi Big Brother repeatedly opened aggressive long positions using leverage. This is often around 25x or more, primarily for Ethereum. At times, he also took positions in Bitcoin and smaller tokens. but $ETH Longs dominated his exposure.
Instead of mitigating the risk after a loss, traders often added margin and doubled down. On-chain observers described its behavior as classic high-confidence averaging combined with strong leverage. This approach can yield significant profits in bull markets. Sideways or bearish conditions can be very dangerous.
Public dashboards on platforms like Lookonchain and Hyperdash showed his positions running with razor-thin liquidation buffers. As volatility increased, the margin cushion quickly disappeared. Eventually, the position could no longer withstand further price pressure.
Background and reputation
Jeffrey Huang has built a reputation over the years as one of the most active traders in cryptocurrencies. His trade has been a frequent topic of discussion on social media since around 2021. He is also involved in various crypto and NFT projects. This kept him in the public eye. Because of this visibility, big wins and losses tend to attract a lot of attention. Supporters often praise his risk tolerance. But critics point to a long history of boom-bust cycles coupled with extreme leverage.
Lessons learned and market implications
This wipeout is yet another reminder of how unforgiving leveraged trading can be. Even a well-known whale with a large pool of capital like Machi Big Brother can face rapid losses if the market moves in the wrong direction. Recent weakness and volatility in major crypto assets may have accelerated the liquidation process. More broadly, this episode highlights a simple truth: High leverage will double your profits quickly. But it can destroy your account just as quickly. For many traders who sit on the sidelines. Machi’s recent loss served as a very public lesson in risk management.
