Six months ago, crypto whale Machi Big Brother started leveraging long on Ethereum when ETH traded near $4,700. Today, on-chain intelligence firm Arkham flagged what’s left of that bet: just $8,500 in his Hyperliquid account.
The trader, whose real name is Jeffrey Huang, has been liquidated over 145 times on Hyperliquid since October 2025, repeatedly opening 25x leveraged long positions on Ethereum and re-entering after each wipeout. On-chain data shows he even tapped PleasrDAO treasury funds deposited five years ago to cover margin on recent positions.
Five months ago, Arkham estimated his net worth was close to nine figures.
Huang is no stranger to controversy. The Taiwanese-American former musician rose to fame with hip-hop group L.A. Boyz in the 1990s before entering crypto in 2017. He founded Mithril, which collapsed roughly 80% within months.
He was involved with Formosa Financial, where 22,000 ETH later went missing. He forked Compound to create Cream Finance, which suffered exploits totaling over $192 million. On-chain investigator ZachXBT accused him of embezzlement in 2022. Huang responded with a defamation lawsuit.
Despite all of it, he kept trading.
ETH trades at $1,955, still well below its daily 50-day and 200-day moving averages. The daily RSI reads 41.4, below neutral, while the MACD sits deep in sell territory at -139.35.
The daily summary reads Sell, with weekly and monthly both flashing Strong Sell.
According to Coinglass, ETH is down 54.80% over the past 180 days and 30.20% over 90 days.
Geopolitical risk and sticky inflation, with the Core PPI rising 0.8% month-over-month, have reduced expectations for Fed rate cuts, keeping risk appetite low across crypto markets.
Analysts project a trading range of $1,770 to $2,160 for the coming week. The probability of a sustained rally remains below 20%.
Viktoras Karapetjanc of Traders Union noted, “If Ethereum can hold above immediate support and sentiment shifts, a move towards $2,160 is still on the table this week.”
A breakout above $2,021 would be the first signal of relief. Without it, the same conditions that wiped out one of crypto’s biggest whales remain firmly in place.
Ethereum is under pressure from geopolitical risk, sticky inflation data, and reduced rate cut hopes, weakening demand for risk assets.
Technical indicators currently show a “Sell” signal, with ETH trading below key moving averages and momentum remaining negative.
Analysts expect ETH to trade between $1,770 and $2,160 this week, with a sustained rally currently having less than a 20% probability.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Prediction market platform Kalshi has spent months arguing that betting on sports outcomes should be…
June 12, 2026 13:19:02 UTC $276M Bets Placed on SpaceX Ahead of Trading Debut More…
Story Highlights The live price of the Dogecoin is . DOGE price prediction for 2026…
TRUMP coin price has flipped market attention in just 24 hours. The meme token linked…
South Korea’s tax authorities said tokenized stocks could be taxed as early as the second…
Story Highlights The live price of the XRP is . XRP holds a strong demand…
