Jeffrey Huang, widely known as Machi Big Brother, has been fully liquidated again on a 25x ETH long on decentralized derivatives platform Hyperliquid. On-chain tracking cited in the report puts the address’s cumulative loss at roughly $29 million. Hyperbot data also showed another liquidation entry worth $132,374 early on July 24.
New 25x ETH long opened after the account was wiped
According to Onchain Lens, Huang’s leveraged Ether position on Hyperliquid was completely closed by the system. After the account was emptied, he began adding to a new 25x ETH long shortly after 10 a.m. the same day. The report said he had already lost $730,000 after a previous wipeout, then kept increasing exposure until the position reached as much as 3,525 ETH.
The rebound never came. That position was fully liquidated in two waves, first around 4 a.m. and then again around 10 a.m. The article said his loss for the week had reached $1.32 million, while losses across the two days totaled nearly $870,000.
More than 250 liquidations recorded since 2025
This was not an isolated event. The article said Huang has been liquidated more than 250 times on Hyperliquid since 2025. At the end of January this year, his 25x ETH long was also wiped out, with cumulative losses at that point standing at about $25.88 million. Less than a month later, that figure had climbed to $29 million, implying more than $3 million in additional losses over the recent stretch.
ETH’s 4% drop matched the liquidation threshold for 25x leverage
The timing lined up with a sharp move in Ether. The report said ETH fell below $1,900 and traded around $1,862, down 4% over 24 hours. At 25x leverage, a move of roughly 4% in the wrong direction can be enough to trigger forced liquidation. That helps explain why the position was erased so quickly.
Huang had seen the other side of extreme leverage before. In mid-September last year, he once posted floating profits of as much as $44.84 million through an aggressive high-leverage strategy, making him one of the most watched on-chain derivatives whales at the time. Those paper gains are now gone, and the reported cumulative loss has widened to $29 million.