Crypto Whale 'Machi Big Brother' Loses $74M on Ethereum Bet

Edgen Crypto

·Mar 02 2026, 06:54

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Key Takeaways

On-chain intelligence firm Arkham reports that prominent crypto personality 'Machi Big Brother' incurred a $74 million loss over six months. The loss stemmed from a poorly timed long position on Ethereum, serving as a high-profile example of the risks associated with leveraged trading in volatile markets.

Massive Loss: 'Machi Big Brother' lost $74 million since September by taking a long position on Ethereum (ETH) at a price of $4,700.
Account Depleted: The trader's associated 'HL' account balance has plummeted from millions to just $8,500.
On-Chain Evidence: The losses were identified and detailed in a public report by the on-chain analysis platform Arkham Intelligence.

Whale Trader Loses $74M on Ill-Timed Ethereum Long

A report from on-chain intelligence firm Arkham revealed that prominent crypto personality 'Machi Big Brother' suffered a staggering $74 million loss over the past six months. The financial damage resulted from a large, leveraged long position on Ethereum (ETH) initiated when the asset was trading near $4,700. The sustained market downturn since September of the previous year ultimately decimated the position, with the trader's associated 'HL' account balance collapsing to just $8,500.

High-Profile Wipeout Highlights Leveraged Trading Risks

This significant financial event serves as a stark cautionary tale about the inherent dangers of leveraged trading in the crypto markets. The liquidation of a well-known whale trader underscores that even major market participants are vulnerable to extreme volatility. This episode may prompt other investors to reassess their own risk exposure and could create localized negative sentiment around Ethereum. The event also demonstrates the increasing transparency and power of on-chain analysis platforms like Arkham, which can track and report on such major wallet activities in near real-time.