Jeffrey Huang (Machi Big Brother) Ramps Up Ethereum Long Position to 4,860 ETH
Taiwanese celebrity and prominent cryptocurrency investor, Jeffrey Huang, famously known as “Machi Big Brother,” has once again made significant moves in his high-leverage Ethereum (ETH) trading. Recent data from his Hyperliquid account, updated as of the evening of August 18th, reveals a substantial increase in his ETH long position. Huang now holds approximately 4,860 ETH, utilizing a 25x leverage, pushing the nominal value of his position to an estimated $9.225 million. His average entry price stands at approximately $1,896.7 per ETH.
This latest surge in holdings follows a significant transaction on August 18th at 07:36, where Huang established an additional long position of approximately 2,360 ETH at an average price of $1,895.1, representing a single nominal value of around $4.47 million.
This expansion marks a notable reversal from his earlier strategy. Previously, on July 14th, Huang held approximately 5,264 ETH. By August 14th, this had been sharply reduced to 2,500 ETH, a drastic 52.5% cut. With this recent re-entry, his ETH holdings have now rebounded to 4,860 tokens.
As per the most recent account snapshot, Ethereum’s mark price stands at approximately $1,898.3. This figure is slightly above Huang’s average entry price of $1,896.7, resulting in an unrealized profit of roughly $8,019, representing a 2.17% return on investment. The position currently utilizes approximately $369,000 in margin.
Navigating the Margins: Liquidation Risks and Volatile Swings
Huang’s current liquidation price is pegged at approximately $1,875.8. When juxtaposed with the latest mark price of $1,898.3, a mere $22.5 difference separates his position from the liquidation threshold. This means a modest 1.18% drop in Ethereum’s price from its current level could trigger significant liquidation pressure.
Despite the increased liquidation price, Huang has simultaneously expanded his ETH exposure to 4,860 tokens, with a nominal value exceeding $9.225 million. The 25x leverage inherent in this position means that it remains highly susceptible to price fluctuations. Should Ethereum’s price dip back towards the $1,880 mark, the account would rapidly face escalating liquidation risks.
Huang’s recent trading history is characterized by dramatic shifts. On August 10th, he initiated a substantial long position of 5,810 ETH at approximately $1,894.1, with a nominal value of $11.01 million. However, just a day later, on August 11th, he closed 3,160 ETH at around $1,883.6, resulting in a realized loss of approximately $31,400.
From Forced Liquidations to Aggressive Re-entry
The early hours of August 12th proved challenging for Huang, as a further dip in Ethereum’s price triggered two consecutive forced liquidations. The first saw 730 ETH liquidated at approximately $1,861.6, a position valued at $1.36 million, resulting in a realized loss of about $23,300. Just minutes later, another 584 ETH were liquidated at roughly $1,853.2, a $1.08 million position that incurred a $23,600 loss.
In total, these two liquidation events involved 1,314 ETH, with a combined nominal value of approximately $2.44 million and total realized losses amounting to $46,900.
Undeterred, Huang quickly re-established his ETH exposure. By the evening of August 12th, he opened a new long position of 1,100 ETH at approximately $1,908.1. However, this wasn’t the end of the adjustments; on August 14th, he closed 935 ETH at around $1,872.8, realizing another loss of $23,800 and temporarily reducing his overall holdings to 2,500 ETH.
Remarkably, the latest data indicates another swift turnaround. By the evening of August 17th, Huang had once again significantly expanded his long position, bringing his holdings back up to 4,290 ETH. This represents a staggering 71.6% increase in his position within just three days from the August 14th low, with the nominal value once again surpassing $8 million.
Divesting Digital Assets: Bored Ape Yacht Club Sales Amidst Trading Pressure
During this period of intense pressure from his high-leverage trading, Jeffrey Huang also systematically divested some of his prized Bored Ape Yacht Club (BAYC) NFTs. These sales underscore the financial adjustments being made.
- BAYC #251: Sold on July 14th, incurring a loss of approximately 6.99 ETH.
- BAYC #5670: Sold on August 5th for 9 ETH. This particular NFT was originally acquired for a substantial 84.99 ETH, marking an approximate 89.4% loss when measured in Ethereum.
- BAYC #5715: Sold on August 13th for 8.3 ETH. Its initial purchase price was 34.17 ETH, resulting in a price difference of 25.87 ETH and an estimated 75.7% loss in ETH terms.
All three of these BAYC transactions occurred precisely when Huang’s high-leverage ETH long positions were undergoing continuous adjustments and facing heightened liquidation risks. While public records confirm the proximity of these NFT sales to his leveraged ETH trading activities, it remains unconfirmed whether the proceeds from the BAYC sales were directly utilized to bolster his Hyperliquid margin.
The Road Ahead: High Stakes and Unpredictable Swings
Analyzing the latest trading outcomes, Jeffrey Huang’s strategy has clearly pivoted from aggressive deleveraging back to increasing his Ethereum exposure. With ETH’s recent rally above the $1,900 mark, his current 4,290 ETH long position is temporarily showing unrealized gains. However, the liquidation price has also adjusted to $1,865.5, leaving a price buffer of approximately 2.1%.
After a tumultuous period involving active position reductions, consecutive liquidations, and the sale of valuable BAYC NFTs, Huang has once again amplified his 25x leveraged position to over $8.18 million. The short-term price movements of Ethereum will undoubtedly continue to directly influence the liquidation risk of this substantial and high-stakes position.
(The above content is excerpted and reproduced with authorization from our partner ‘CryptoCity’. Original Article Link)
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