Machi Big Brother Is Back With His Biggest Ethereum Bet Yet
Machi Big Brother has returned to Ethereum markets with one of his most aggressive trades yet. On January 12, the high-profile crypto whale re-opened a $34 million leveraged ETH long on Hyperliquid.
The position moved against him almost immediately, leaving the trade down roughly $325,000 within hours. However, the bigger picture looks worse. His Hyperliquid account now sits $22.5 million in cumulative losses and more than $67 million below its peak equity, according to on-chain tracking.
MACHI BIG BROTHER IS BACK
Machi is back, and he’s relonged $34M of ETH with less than $2M in total collateral. His HL account is down $22.5M all time, and over $67M from its peak!
He’s currently down $325K on this trade. Will he make it back this time? pic.twitter.com/yeVxqbYFsw
This marks Machi’s first major re-entry since a wave of forced liquidations in December wiped out several of his Ethereum longs.
Machi Big Brother is the crypto pseudonym of Jeffrey (Jeff) Huang, a high-profile trader, on-chain whale, and controversial figure in the crypto community.
Ethereum goes hard https://t.co/StwLhOC4Hp
— Machi Big Brother (@machibigbrother) January 12, 2026Machi’s latest bet follows months of extreme risk-taking. In November and December, he built large ETH longs ranging from $20 million to more than $25 million in notional exposure, often using 15x to 25x leverage.
Those positions collapsed during ETH’s pullback from the $3,300 area.
Presenting the Top 3 Most-Liquidated Degens on Hyperliquid since Nov 1: