Machi Big Brother’s ETH long nears liquidation after position drops to $54 million

Machi Big Brother, also known as Huang Licheng, is facing a much tighter margin situation on his Ether long after ETH slipped below $2,500, according to monitoring data cited by BlockBeats from TradingBeats. The position, once valued at about $92.88 million, has been partially liquidated and now stands at roughly $54 million. The remaining position carries an entry price of $2,626.94 and a liquidation price of $2,466.95. With ETH last quoted around $2,487, the gap to forced liquidation was about $20 at the time of the report. TradingBeats also showed that the account’s net asset value had fallen to $1.53 million, with the full amount being used as margin for the ETH long. The update points to how quickly leveraged crypto positions can tighten when price moves against them, especially near key levels. In this case, the report focused on the shrinking size of the position, the narrow distance to liquidation, and the limited remaining account equity backing the trade.