Machi Big Brother Liquidated on 25X ETH Leverage: $29M in Losses

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 , 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%.

A 25x long means every 1% drop in ETH means a 25% loss on margin. A 4% decline effectively wiped the position.

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.

On the other hand, the liquidation comes as CryptoQuant data $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 , Ethereum sits 63% below its all-time high. Bitcoin trades 49% below its peak. Coinbase stands 64% lower. MicroStrategy is down 77%.

Equities show similar pressure. The S&P 500 is 2% below its high; Tesla, 20%; Meta, 20%; Amazon, 21%; Microsoft, 31%; Netflix, 44%.

High-beta crypto assets are showing more serious damage: Trump Coin is down 96%, Melania Coin is down 99%, and Fartcoin is down 95%.