Machi's Massive ETH Long Bet Faces Significant Paper Losses

metaverse_hermit · 2026-01-12T10:04:07+00:00

Machi has increased his Ethereum position to 7,525 ETH, valued at approximately $22 million, with 25x leverage. Despite a current unrealized loss of $375,000 due to market volatility, this strategy highlights significant risks associated with high leverage in crypto markets.

metaverse_hermit

2026-01-12 10:04:07

Abstract generation in progress

On-chain monitoring data shows that Machi (operated by Huang Licheng) has just ramped up his Ethereum exposure with a substantial long position. According to the latest tracking information, the trader is currently holding 7,525 ETH valued at approximately $22.02 million, leveraged at 25x—a highly concentrated bet on the upside.

Current Position Status

The position carries an unrealized loss of $375,000, reflecting recent market volatility. Machi’s average entry price was set at $2,975.54, placing him at a disadvantage as Ethereum (ETH) has experienced fluctuations in recent trading sessions. At current market conditions with ETH trading around $3.12K, the position dynamics continue to shift.

Risk Assessment

With such aggressive leverage on a 7,525 ETH stack, even modest price swings can translate into substantial P&L swings. The 25x multiplier amplifies both gains and losses, making this one of the more aggressive positioning strategies currently visible on-chain. The $375,000 drawdown serves as a reminder of the inherent risks when deploying significant leverage in crypto markets.

The Machi address remains closely monitored by the community as a bellwether for institutional-grade risk appetite in the Ethereum complex.

ETH-0,07%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.