Jeff Huang, known in the market as “Machi Big Brother,” is facing mounting pressure on his ETH long position, according to on-chain analyst Ai Yi (@ai_9684xtpa). The position has been reduced from a peak of 16,575 ETH to 9,600 ETH, valued at about $17.76 million based on the figures cited in the report. Over the past 24 hours, the account has posted a cumulative drawdown of $1.008 million, leaving its unrealized profit close to zero. Ai Yi said the position is now just $16 away from its liquidation price, placing it on what the analyst described as an extremely dangerous edge. The update was reported by BlockBeats on July 17.
Jeff Huang, widely known as “Machi Big Brother,” is under continued pressure on his ETH long position, according to on-chain analyst Ai Yi (@ai_9684xtpa), as cited by BlockBeats on July 17.
The position has been cut from a peak of 16,575 ETH to 9,600 ETH, worth about $17.76 million based on the figures in the report. Over the past 24 hours, the account recorded a cumulative drawdown of $1.008 million, with unrealized profit now nearly erased. The position is currently just $16 away from its liquidation price, leaving it at what the analyst described as an extremely dangerous level.
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