Machi Big Brother Liquidated on 25X ETH Leverage: $29M in Losses
The post Machi Big Brother Liquidated on 25X ETH Leverage: $29M in Losses appeared on BitcoinEthereumNews.com.
Machi Big Brother was completely liquidated on a 25x ETH long, realizing an estimated $29M loss. Binance recorded $33.3 billion in inflows over 30 days, the highest since last November. Major assets remain well below peaks, with crypto and tech stocks facing steep drawdowns. Prominent trader Machi Big Brother (@machibigbrother on X) faced full liquidation on a 25x leveraged long position in Ethereum, resulting in an estimated $29 million loss, according to OnchainLens. The wipeout occurred as ETH traded near $1,800 after a 37% decline over the last 30 days. At 25x leverage, a 4% move against the position is enough to erase margin, but the market delivered more than that. Another trader, LeBron, as per Lookonchain, shows similar damage in a smaller size. The wallet spent $110,000 on 4.5 million ONE tokens, sold part for 13,923 USDC, and now holds 3.59 million ONE worth $12,000, marking a loss of roughly $84,000, or 76%. 25X Leverage, No Margin of Error A 25x long means every 1% drop in ETH means a 25% loss on margin. A 4% decline effectively wiped the position. ETH has struggled to reclaim higher resistance levels in recent months. While it historically found support between $2,500 and $3,000, the price now sits well below that range, near $1,900. Once liquidation levels are reached, exchanges automatically close positions, which forces selling and adds market pressure. In large trades, it can increase the likelihood of a correction. Exchange Inflows Hit $33.3B On the other hand, the liquidation comes as CryptoQuant data shows $33.3 billion in total inflows to Binance over the past 30 days, the highest level since last November. Rising inflows increase available supply on exchanges as more coins on trading venues raise the probability of spot selling or derivatives collateral deployment. According to investor Charlie Bilello,…
Filed under: News - @ February 24, 2026 7:23 pm