Machi Big Brother and His Brother Are Experiencing Major Losses in Ethereum

Recently, the uncertainties and declines in the cryptocurrency market have put many investors in a difficult position. The famous trader Machi Big Brother and his brother Machi Small Brother have also attracted attention by experiencing significant losses in high-leverage Ethereum (ETH) positions.

According to the on-chain tracking platform Lookonchain, the two traders are deeply in the red from their large-scale ETH long positions. Machi Big Brother holds a position of 7,400.7 ETH (approximately 23.55 million dollars). The liquidation price of this position is at the 3,040.6 dollar level. His brother Machi Small Brother, on the other hand, has a position of 5,000 ETH (15.9 million dollars), with a liquidation price set at 2,794.71 dollars.

In the face of sharp declines in market prices, both traders are continuously trying to add more collateral to maintain their positions. The strategy being pursued involves investors making additional investments to keep their positions afloat and avoid approaching liquidation levels. Especially in recent hours, it has been reported that Machi Big Brother has not only suffered losses in Ethereum but also in Uniswap (UNI). The trader had to close his UNI long position with a loss of 481 thousand dollars. However, despite this, he continues aggressively in his Ethereum investments.

Machi Big Brother's total loss is said to have exceeded 17.7 million dollars. According to Lookonchain data, the trader is constantly making new fund additions. It is reported that Machi Big Brother deposited 2.44 million dollars USDC to the Hyperliquid platform within the last 8 hours, and his current positions are recorded as 6,275.7 ETH long (21.3 million dollars) and 88,888.8 UNI long (705 thousand dollars). The day before, the trader also continued to increase his ETH and UNI positions by depositing 709 thousand dollars more USDC.

Lookonchain summarizes this situation with the words, "Always liquid, always comes back with new deposits." Therefore, investors should carefully observe the dynamics and market reactions of traders who open high-risk positions, like Machi Big Brother and his brother.