🚨 Crypto trader Jeffrey Huang, known as Machi Big Brother, reportedly saw his Hyperliquid account plunge from a peak of $12.25M to just $21,788 after leveraged trades went wrong.
📉 What happened?
Turned $56K into $12.25M over four months, according to Lookonchain.
Lost more than 99% of his reported peak account value.
Reportedly reopened an #ETH long with 25x leverage shortly after liquidation.
🌪 Market pressure is mounting:
BTC fell below $81K.
$ETH approached $2,350.
Around $811M in leveraged positions were reportedly liquidated on October 14.
ETFs also faced significant outflows. #Altcoin Season#
📉 What happened?
Turned $56K into $12.25M over four months, according to Lookonchain.
Lost more than 99% of his reported peak account value.
Reportedly reopened an #ETH long with 25x leverage shortly after liquidation.
🌪 Market pressure is mounting:
BTC fell below $81K.
$ETH approached $2,350.
Around $811M in leveraged positions were reportedly liquidated on October 14.
ETFs also faced significant outflows. #Altcoin Season#