Ethereum long positions held by Machi Big Brother, the market nickname of Jeffrey Huang, moved closer to forced liquidation on Oct. 13 after ETH fell below $2,500, according to monitoring data cited by BlockBeats from TradingBeats. The position has been reduced to $8.5 million, with the remaining entry price at $2,545.84 and the liquidation price at $2,392.90. With ETH last quoted around $2,428.51, the gap to liquidation was only about $36. TradingBeats’ data also showed that the account’s net asset value had fallen to $288,000, all of which was being used as margin for the ETH long. Over the past week, the account has lost more than $11.9 million. The figures highlight how quickly leverage risk can intensify when ETH breaks key price levels and leaves large directional positions with little room before liquidation.
Ethereum long positions held by Jeffrey Huang, better known in the market as Machi Big Brother, moved closer to liquidation on Oct. 13 after ETH slipped below $2,500, according to TradingBeats monitoring cited by BlockBeats.
The position has been cut to $8.5 million. The remaining position shows an entry price of $2,545.84 and a liquidation price of $2,392.90. With ETH last quoted at about $2,428.51, the distance to forced liquidation was roughly $36.
TradingBeats data also showed that the account’s net asset value stood at $288,000, with all of it posted as margin for the ETH long. Over the past week, the account has lost more than $11.9 million.
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