According to data from Arkham Intelligence, the well-known cryptocurrency trader Machi Big Brother has opened a significant long position totaling approximately $86 million in Bitcoin and Ethereum. The position comprises $44.2 million in Bitcoin (BTC) and $41.8 million in Ethereum (ETH). This move comes after the trader incurred losses of $73.44 million over the previous six months, marking a high-stakes comeback attempt.
Extreme Leverage and Tight Liquidation Levels
On-chain data reveals that Machi Big Brother employed aggressive leverage: 40x on a position of 570 BTC and 25x on 18,050 ETH, with a combined cross margin of only $2.78 million. As a result, the liquidation thresholds are extremely close to current market prices. The ETH position would be liquidated at $2,206.50, roughly $100 below its reference price, while the BTC position faces liquidation at $74,111. At the time of reporting, Bitcoin is trading near $79,000 and Ethereum around $2,328, leaving razor-thin margins for error.
Market Context and Technical Analysis
The opening of this position coincides with the first day of the Bitcoin 2026 conference in Las Vegas, where Bitcoin reached $79,000. The total cryptocurrency market cap stands at approximately $2.67 trillion. Analysts at the Nordic crypto brokerage K33 have identified the $80,000 level as a key resistance zone, aligning with the realized price of short-term holders. A sustained move above that level could favor large longs like Machi's. Meanwhile, Ethereum is trading at exactly $2,328 — the same price it was on April 27, 2021, five years ago to the day, a detail noted by on-chain analysts tracking market patterns.
Machi Big Brother, a prominent figure known for high-conviction and often high-profile trades, has seen a deeply negative track record over the past six months. The $86 million long represents a significant contrarian bet. Given the transparency of on-chain data, this position is now one of the largest active long positions being tracked across all platforms. Market participants are closely watching whether Machi's timing proves fortuitous or whether it will lead to another substantial loss.