Key Highlights
- Jeffrey Huang, aka Machi Big Brother, injected 250,000 USDC to rescue his position after ETH dropped below $2,900.
- He currently holds a $12.94 million long position consisting of 4,450 ETH.
- His new liquidation price is $2,841.97, leaving a razor-thin safety margin for further price drops.
On Friday, high-profile crypto whale Jeffrey Huang, widely known as Machi Big Brother, narrowly avoided liquidation on his long bets placed on the Hyperliquid Decentralized Exchange (DEX). As Ethereum (ETH) prices dipped below $2,900, Huang was forced to inject 250,000 USDC in fresh collateral to stabilize his leveraged position.
The current state of his holdings represents his high-conviction play, valued at $12.94 million, consisting of 4,450 ETH, as mentioned by Lookonchain.
On-chain data from Hypurrscan shows that he is left with a liquidation price of approximately $2,841.97. Although he is able to stay in the game, as the deposit provides a temporary buffer, he is still left with very little margin of roughly 2.8% from the current market prices.
At the time of writing, Ethereum is trading at $2,993.71, showing a 1.21% increase over the last 24 hours. The market capitalization stands at $361.32 billion and a 24-hour trading volume of $21.78 billion, which has decreased by 20.72%. The circulating supply is 120.69 million ETH, equal to the current total supply, with an infinite maximum supply.
Double-down strategy
This is not the first time Huang has gone through these defense maneuvers on a large scale. His profile hints toward employing a so-called “double-down” strategy, where he makes major movements to inject huge amounts of capital to stop his positions from being liquidated.
This recurring pattern of partial liquidations and subsequent capital injections is seen in a previous incident in November 2025, when Jeffrey Huang lost over $15 million before doubling down on his Ethereum long.
Market and exchange implications
Although the 250,000 USDC deposit provides a temporary safety net, it also increases the capital at risk. If Ethereum fails to stabilize above the $2,841.97 liquidation level, Huang risks a potential catastrophic loss of capital many times over what he started with, which in turn might have further implications in terms of Hyperliquid exchange sell pressure from this trader’s position in this exchange itself.
Despite this, Machi Big Brother’s actions show a belief in the long-term worth of Ethereum, despite the short-term risks associated with the high level of leverage.
Also Read: Standard Chartered Bets on Ethereum in 2026
