TLDR
- Jeffrey Huang opened a new 25x leveraged long position on 100 Ethereum tokens worth approximately $364,240.
- The trader entered his current Ethereum position at $3,641.90 per token with only $16,771 in equity.
- Huang’s liquidation price sits at $3,462.85, with Ethereum currently trading near $3,490.
- This latest trade follows the complete liquidation of his previous Ethereum position.
- Huang once held $44.84 million in profits but now faces losses exceeding $15 million.
Crypto trader Jeffrey Huang, renowned in the trading community as Machi Big Brother, has reignited his pursuit of profits in the turbulent Ethereum market after suffering significant losses from recent liquidations. He has leveraged a notable 25x long position on 100 ETH worth approximately $364,240, investing just $16,771 of his own equity. This bold move comes against the backdrop of a broader cryptocurrency market that is experiencing steep declines and heightened volatility.
Huang Opens High-Risk Ethereum Position After Previous Liquidation
According to on-chain analytics from Lookonchain, Huang initiated his current Ethereum position at a price of $3,641.90 per token. His liquidation price stands at $3,462.85, leaving him with a narrow buffer for any fluctuations in market conditions. With Ethereum hovering around $3,490, Huang is currently facing an unrealized loss of approximately $4,958. The high leverage employed in this trading strategy significantly intensifies the pressure on his remaining equity.
Machi Big Brother (@machibigbrother) never gives up.
With his remaining $16,771, he reopened a 25x long on 100 $ETH ($364K).
Liquidation price: $3,546.43.
From $44.84M in profits to over $15M in losses — truly a legendary run.https://t.co/vWrHNQa5Yx pic.twitter.com/D63q7l9ZJq
— Lookonchain (@lookonchain) November 4, 2025
This recent trade represents a striking comeback after Huang’s previous Ethereum position was entirely liquidated. Despite the significant losses he has incurred, Huang remains bullish on Ethereum’s prospects. Reports indicate that he once enjoyed a staggering $44.84 million in profits from his trading endeavors, yet now faces over $15 million in losses. Following a market downturn in early October, he infused an additional $1.73 million to bolster his long positions. However, the value of his residual equity has plummeted to just $16,771, illustrating the high stakes in leveraged trading during bearish market conditions.
Market Correction Triggers Widespread Liquidations Across Exchanges
The cryptocurrency market is not only affecting Huang; it is experiencing a widespread correction that has resulted in a wave of liquidations across numerous exchanges. For instance, Bitcoin has dipped below $105,000, currently trading at around $104,511, marking a 3% decline within the last 24 hours. Similarly, Ethereum has seen a 6.3% drop in this timeframe, hovering near $3,490. This downward movement has led many traders to exit their positions as critical support levels are breached, reflecting the chaotic nature of the market.
Data from Coinglass reveals that in the past 24 hours alone, over 331,903 traders were liquidated, with total losses surpassing $1.33 billion across all cryptocurrency exchanges. Long-position holders bore the brunt of this wave, incurring collective losses of approximately $1.19 billion. Short traders, on the other hand, faced about $142 million in losses during the same period. The most notable single liquidation occurred on the Huobi exchange, where a BTC/USDT position valued at $47.87 million was wiped out. These statistics underscore the volatility and risks associated with high-leverage trading in the cryptocurrency market.
In light of these developments, crypto analyst Ali Martinez identified $3,120 as a crucial demand zone for Ethereum. Reportedly, 2.62 million ETH accumulated around that price point, according to Glassnode data. Martinez emphasized that should Ethereum fall below $2,950, critical support levels of $2,870 and $2,530 may come into play. This information is vital for traders looking to gauge potential reversals or further declines in Ethereum’s price.
$3,120 is the key demand zone for Ethereum, where 2.62 million $ETH were accumulated. pic.twitter.com/1GEupLeYN7
— Ali (@ali_charts) November 1, 2025
As traders continue to monitor these key price thresholds, the volatility surrounding Ethereum and the wider cryptocurrency market remains a significant concern. Understanding the dynamics at play will be crucial for market participants attempting to navigate this unpredictable terrain.
