Machi Big Brother Loses Significant Ethereum Position

Singer and trader Huang Licheng, better known as Machi Big Brother, suffered a complete liquidation of his 25x leveraged Ethereum position amid recent market volatility, resulting in a loss estimated at $3.6 million. Despite this setback, he has already reopened a similar long-position on Ethereum. However, previous attempts to utilize a similar strategy have led to losses exceeding $19 million. He continues to pursue long positions in Ethereum despite these significant financial risks.