Why Does This Ethereum Trader Keep Getting Liquidated? | Credit: Derek Fenech
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Key Takeaways
Machibigbrother has lost over $20 million since the Oct. 10 crash.
Ethereum (ETH) has reached the middle of its long-term range.
How much longer will Ethereum continue to fall?
Machibigbrother, a well-known leverage trader who once showcased huge gains, has hit a brutal streak of losses over the past month.
Since the Oct. 10 market crash, his account has been liquidated 145 times, a stark reminder of how unforgiving the current market environment has been even for high-profile traders.
With ETH breaking through key levels and no clear support beneath the current price, leveraged long traders now find themselves in a dangerous spot — forced to either cut positions early or risk suffering the same fate.
Ethereum Liquidations
In September, Machibigbrother’s Hyperliquid account showed more than $40 million in profits, a level that made him one of the platform’s most-watched traders.
But those gains quickly unraveled. By the end of the month, the profits had evaporated, and the high-risk trader is now down more than $20 million.
While a large share of the damage came during the Oct. 11 crash, the decline didn’t happen overnight.
His account had already been slipping through a series of smaller liquidations leading up to the crash — and the same pattern continued afterward.
Earlier today, he deposited another $115,000 USDC into Hyperliquid to open a fresh Ethereum long.
The position carried a liquidation price of $2,818, a level ETH briefly touched, meaning it may have already been wiped out unless Machi added more margin in time.
He’s far from the only trader getting hit. Another large investor who borrowed heavily to buy ETH at $4,417 capitulated this week, selling at a loss of more than $25 million.
Together, these wipeouts highlight the brutal nature of leveraged trading — even whales with deep pockets can get caught on the wrong side of the market and watch millions disappear almost instantly.
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Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
