The cryptocurrency market volatility has triggered significant liquidations for high-profile investors, most notably the prominent trader Machi Big Brother (Jeffrey Huang). According to on-chain monitoring data provided by Onchain Lens on May 23, 2026, the trader was forced to partially close his Ethereum (ETH) long positions as the market experienced a sharp downturn. The liquidations have resulted in realized losses approaching $16 million, highlighting the extreme risks associated with high-leverage trading in the decentralized finance ecosystem.
High-Leverage Risks and Market Impact
The trader, often referred to in the community as Majie, had been utilizing 25x leverage on his Ethereum positions. As the price of ETH declined, the collateral backing these positions became insufficient, triggering automated liquidation protocols. Leverage of this magnitude means that even a 4% move against the position can result in a total loss of the initial margin.
The liquidation process occurred in stages:
- Ongoing market pressure forced the partial closure of the majority of his long holdings.
- Multiple liquidation events were recorded as the price of Ethereum breached critical support levels.
- Total cumulative losses for this specific trading cycle have now reached nearly $16 million.
Remaining Exposure and Liquidation Thresholds
Despite the substantial losses already realized, the trader has not entirely exited the market. On-chain data indicates that Machi Big Brother currently maintains a residual position of 1,700 ETH. However, this remaining stake is under immediate threat. Reports suggest that the next liquidation trigger is only $10 away from the current market price, leaving the position highly vulnerable to minor fluctuations.
As the market declined, Majie closed most of his Ethereum long positions. In this process, he suffered partial liquidation again. His total losses have approached $16 million.
The situation serves as a stark reminder of the volatility inherent in blockchain-based assets and the dangers of using aggressive leverage during periods of market instability. Observers are closely monitoring the Ethereum blockchain for further movements from the trader's known wallet addresses, as a further dip could result in the total wipeout of his remaining 1,700 ETH holdings. Such large-scale liquidations often contribute to further downward price pressure, creating a feedback loop in the digital asset markets.
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For educational purposes only. Nothing here constitutes financial or investment advice. Crypto markets are highly volatile — always DYOR before making any decisions.
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