ETH Longs Drop by Nearly 20% as Machi Big Brother Trader Sees Position Shrink
The Machi Big Brother trader saw a significant drop in leveraged positions from $11.15M to $8.8M, despite BTC and ETH trading sideways at highs.
Frequent stop-outs on minor dips eroded capital, despite flat prices, with the trader now carrying $114M in longs, $100M of which sits in ETH entered at $2463 with liquidation at $2307 on Hyperliquid.
The ETH unilateral upside extends gains while any oscillation or decline risks surrendering the prior $11M recovery. The Hyperliquid ETH perpetuals rolling leverage risks remain elevated given the structure.