Ethereum News: Crypto Whale Loses $74M Longing ETH, Left With Just $8.5K on Hyperliquid

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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 estimates his net worth was close to nine figures.

From Hip-Hop Star to Crypto’s Most Watched

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.

Ethereum Price: What Should You Watch?

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.

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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.

What Analysts Expect for ETH This Week

Analysts project a trading range of $1,770 to $2,160 for the coming week. The probability of a sustained rally remains below 20%.

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.