Onchain Lens monitoring has revealed that as the broader cryptocurrency market declined, with major assets like Ethereum slipping, the well-known crypto investor Machi Big Brother (Huang Licheng) saw his 25x leveraged long position on ETH partially liquidated once again. On-chain data indicates that the position was forcibly closed out by the exchange due to the price drop, while the investor also proactively reduced a portion of his exposure manually. This marks the second such event for this highly leveraged position in recent times, underscoring the intense pressure that high-leverage strategies face during sustained market volatility.
At the time of reporting, Machi Big Brother still maintains a 25x leveraged long position of 2,200 ETH, with the next liquidation price sitting just $22 below the current market price. In perpetual contract trading, the liquidation price is the level at which the system automatically closes a position to prevent further losses when the margin can no longer support it. With 25x leverage, the initial margin is only 4% of the contract's notional value, meaning that a 4% adverse price move can wipe out the entire margin. The remaining position is now dangerously close to the liquidation threshold; even a minor downward price tick could trigger a full forced liquidation of the remaining stake. This story was first reported by ChainCatcher on June 1.