Jeffrey Huang's $100 Million ETH Long Position Nears Liquidation

Jeffrey Huang, also known as 'Machi Big Brother,' is facing potential liquidation on a nearly $100 million Ethereum long position, with the current price only $63 away from the liquidation threshold. Huang opened a 25x leveraged position for 41,000 ETH at an entry price of $2,443.44. With the current price at $2,405 and a liquidation price of $2,342.15, he has erased most of his recent gains, recording a loss of $4.3 million over the past week.