Crypto Sibling Bet: Machi Small Brother Loses $1.5M on Ethereum, Big Brother Still Long
The Machi brothers, two prominent figures in the crypto space, are making headlines with their contrasting trading strategies. While Machi Small Brother has closed his Ethereum long position, racking up a $1.5 million loss, his big brother Machi remains resolute, holding onto his own Ethereum bets despite a whopping $2.3 million floating loss.
This intriguing cryptocurrency news has sparked intense interest in the community, with many wondering what drives these siblings’ trading decisions and what the future holds for their investments. As the crypto community watches with bated breath, one question begs to be answered: Will Machi’s conviction pay off, or will his brother’s cautious approach prove to be the wiser decision?
Little Machi Takes the Hit, Big Brother Stands Firm
In a recent X post, Onchain Lens shared insights on the diverging Ethereum bets of the Machi brothers. The post highlighted the stark contrast between machismallbrother’s decision to close his Ethereum long position, resulting in a $1.5 million loss, and machibigbrother’s determination to hold onto his own ETH bets despite a $2.3 million unrealised loss. The thread read,
“Just in, “machismallbrother” closed his ETH (10x) long position, facing a loss of $1.55M. Meanwhile, Machi is still holding his ETH (25x) long position with a floating loss of $2.3M and is close to liquidation.”
Onchain Lens’ analysis provided a fascinating look into the brothers’ trading activities, sparking discussions about their strategies and market predictions. It is also noteworthy that the traders’ move and the subsequent losses align with the negative trends in the Ethereum market, which has seen significant price fluctuations recently.
Unveiling Machi Big Brother’s Approach
Recently, Hyperbot data revealed that Big Brother increased his ETH long position to 25x, with a total position value of about $23,629 million. Currently, he holds 7,525.7010 ETH tokens. As noted by Onchain Lens, Machi is holding firm on his crypto holdings despite incurring significant losses, demonstrating his conviction in the asset’s potential for future growth.
Interestingly, Jeffrey Huang, called Machi in the crypto space, is known for his bold and risk-tolerant approach to crypto trading, often taking large positions in his favourite assets like ETH. His strategy is characterized by high leverage and a willingness to hold on to his positions despite market volatility.
Machi, once one of Hyperliquid’s top traders with over $43 million in earnings, has seen his fortunes take a drastic turn. A series of high-leverage trades gone wrong has led to significant losses, with tens of thousands lost in October alone.
Analysts attribute his downfall to over-leveraging during a period of heightened market volatility. When Ethereum briefly touched $4,077 and sharply declined below $3,500, many traders, including Machi, have seen notable losses due to forced liquidations.
How ETH Price Volatility Shaped Machi Brothers’ Fate?
The recent price action of Ethereum has been a key factor in Machi Brothers’ trading woes. As of press time, ETH is valued at $3,141, marking notable declines of 8.45%, 2.66%, and 23.11% over the past day, week, and month, respectively. Driven by this downtrend, traders and investors are massively accumulating the token, highlighting their confidence in Ether’s potential uptrend.
As the ETH price is fluctuating widely, Machi’s leveraged positions became increasingly vulnerable to margin calls, ultimately resulting in significant losses. This highlights the risks of trading with high leverage. When the market moves in an unexpected direction, even large traders like Machi can find themselves facing a hard time.
