Prominent crypto trader Jeffrey Huang, better known as Machi Big Brother, has made a daring comeback to the Ethereum market despite widespread volatility.
Huang reopened a 25x leveraged long position on 100 ETH, valued at roughly $364,240, with only $16,771 in perpetual equity, a sign of his continued bullish stance even after recent heavy losses.
High Leverage, High Risk
According to on-chain data, Huang entered his position at $3,641.90 per ETH. With Ethereum currently trading near $3,490, the trader is facing an unrealized loss of around $4,958. His liquidation price is set at $3,462.85, meaning a minor market dip could trigger a complete wipeout of the position.
Notably, this fresh long follows the complete liquidation of his previous ETH trade, suggesting that Huang remains confident in Ethereum’s recovery despite mounting market pressure.
From Massive Gains to Mounting Losses
Blockchain tracking platform Lookonchain reports that Huang’s trading journey has taken a sharp turn. Once, he was sitting on $44.84 million in profits. Now, he faces over $15 million in losses.
Following the October 11 market crash, Huang reportedly injected $1.73 million to sustain his long positions. However, his remaining equity has since shrunk to just $16,771, a massive depletion of his trading capital.
Marketwide Selloff Shakes Traders
The broader crypto market is enduring a steep correction. Bitcoin has fallen below $105,000, trading around $104,511, a 3% decline over the last 24 hours. Ethereum has dropped 6.3% in the same period, hovering near $3,490.
This sharp pullback has triggered a series of forced liquidations across exchanges as leveraged traders struggle to maintain positions.
According to Coinglass data, a total of 331,903 traders were liquidated in the past 24 hours, with combined losses exceeding $1.33 billion. In particular, long traders suffered most, losing $1.19 billion, while short traders faced losses of about $142 million.
The largest single liquidation occurred on Huobi, where a BTCUSDT position worth $47.87 million was wiped out.
Analysts Eye Critical Support Levels
Crypto analyst Ali Martinez, referencing data from Glassnode, identified $3,120 as a critical demand zone for Ethereum. Around 2.62 million ETH were accumulated near that level.
$3,120 is the key demand zone for Ethereum, where 2.62 million $ETH were accumulated. pic.twitter.com/1GEupLeYN7
— Ali (@ali_charts) November 1, 2025
Furthermore, he noted that below $2,950, the next major support levels for Ethereum lie at $2,870 and $2,530. These zones, Martinez suggested, could determine whether Ethereum stabilizes or faces further downside pressure.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
