Machi Big Brother Reopens $1.48 Million Ether Long Following Forced Liquidation

Cryptocurrency trader Jeffrey Huang, known as Machi Big Brother, has re-established an Ether leveraged long position valued at roughly $1.48 million on the Hyperliquid platform. The move quickly followed the liquidation of his previous $1.16 million long position, consisting of 540 Ether, which generated an estimated realized loss of $60,000 amid a broader market downturn. To fund the new position, the trader liquidated three Bored Ape Yacht Club NFTs for 17.2 Ether, withdrew 100 Ether valued at around $213,000 from Coinbase, and transferred $53,000 in USDC to Hyperliquid.