Machi Big Brother Down $74M as ETH Leverage Bet Collapses

Crypto whale Machi Big Brother has suffered another major blow. After months of aggressive leveraged trading on Ethereum. On-chain data shared on March 2 shows the trader has lost roughly $74 million over the past six months. While repeatedly longing for ETH with high leverage. 

His Hyperliquid account now holds only about $8.5K to $10K. It signals that most of his trading capital has been wiped out. The collapse comes after ETH fell sharply from around $4,700 in September 2025 to below $2,000. That crushing leveraged long positions across the market.

Six Months of Heavy Losses

According to  Arkham, Machi began building large leveraged ETH longs when prices were near the cycle highs last September. As Ethereum traded close to $4,700 and bullish sentiment remained strong. But the market moved in the opposite direction. As ETH trended downward through late 2025 and early 2026. His positions faced repeated pressure. 

Reports indicate the trader has been liquidated around 145 times since the October downturn. Those repeated liquidations slowly drained the account. What once was a nine-figure crypto portfolio has now shrunk to almost nothing on the Hyperliquid platform. The latest snapshot shows only a few thousand dollars remaining.

High Leverage Made the Damage Worse

The scale of the losses highlights the risks of using extreme leverage in volatile markets. Machi reportedly used positions as high as 25x leverage on ETH. While that strategy can amplify gains. It also magnifies losses very quickly. 

As Ethereum dropped toward the $1,900 range, margin pressure intensified. At one point, the account showed a large underwater position of roughly 155 ETH with a steep unrealized loss. On-chain flows also show repeated injections of capital. Roughly $245,000 in USDC was bridged into trading accounts just days ago. That suggests attempts to recover losses. Still, the market continued to move against the positions.

From NFT Fortune to Near Zero

Machi Big Brother first built his reputation through early investments in the Bored Ape Yacht Club ecosystem. Those bets helped him accumulate a large crypto fortune during the NFT boom. Now the picture looks very different. Analysts note that funds from various wallets and treasuries. It includes links to PleasrDAO activity, appear to have supported the recent trading spree. 

Despite those efforts, the leverage strategy failed to stabilize the portfolio. The situation has quickly become a cautionary example inside the crypto trading community. Many traders point to it as proof that even experienced whales can struggle when markets turn sharply.

A Harsh Reminder for Leveraged Traders

This latest wipeout arrives during a broader period of volatility across crypto markets. ETH remains far below its previous highs. As leveraged traders continue to face sudden liquidations during sharp moves. For now, Machi Big Brother’s remaining balance suggests little room for another comeback attempt. Whether he injects fresh capital remains unclear. What is clear, however, is the core lesson the market keeps repeating. In crypto, high leverage can build fortunes fast. But it can destroy them even faster.

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