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Arkham Intelligence flagged a crypto whale whose Hyperliquid account has been drained from close to 9 figures to $8,500 in six months.
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The dealer behind the losses has an extended historical past of controversial crypto ventures, failed tasks, and on-chain investigations.
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$ETH technicals stay bearish throughout each day, weekly, and month-to-month timeframes, with analysts watching one key degree this week.
Six months in the past, crypto whale Machi Large Brother began leveraging lengthy on Ethereum when $ETH traded close to $4,700. At the moment, on-chain intelligence agency Arkham flagged what’s left of that wager: simply $8,500 in his Hyperliquid account.
MACHI BIG BROTHER HAS $10K LEFT
Within the final 6 months Machi Large Brother has misplaced $74 Million – trying to leverage lengthy $ETH since September, when $ETH was at $4.7K.
He now has $8.5K left in his HL account. It seems that he’s nearly out of cash. pic.twitter.com/mpp9GX012n
— Arkham (@arkham) March 2, 2026
The dealer, whose actual title is Jeffrey Huang, has been liquidated over 145 instances on Hyperliquid since October 2025, repeatedly opening 25x leveraged lengthy positions on Ethereum and re-entering after every wipeout. On-chain knowledge exhibits he even tapped PleasrDAO treasury funds deposited 5 years in the past to cowl margin on current positions.
5 months in the past, Arkham estimates his web price was near 9 figures.
From Hip-Hop Star to Crypto’s Most Watched
Huang isn’t any stranger to controversy. The Taiwanese-American former musician rose to fame with hip-hop group L.A. Boyz within the Nineties earlier than getting into crypto in 2017. He based Mithril, which collapsed roughly 80% inside months.
He was concerned with Formosa Monetary, the place 22,000 $ETH later went lacking. 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.
Regardless of all of it, he saved buying and selling.
Ethereum Value: What Ought to You Watch?
$ETH trades at $1,955, nonetheless nicely beneath its each day 50-day and 200-day shifting averages. The each day RSI reads 41.4, beneath impartial, whereas the MACD sits deep in promote territory at -139.35.
The each day abstract reads Promote, with weekly and month-to-month each flashing Robust Promote.
Additionally Learn: Crypto Crash At the moment: Ought to You Purchase the Bitcoin Dip as US and Israel Strike Iran?
In accordance with Coinglass, $ETH is down 54.80% over the previous 180 days and 30.20% over 90 days.
Geopolitical danger and sticky inflation, with the Core PPI rising 0.8% month-over-month, have diminished expectations for Fed fee cuts, protecting danger urge for food low throughout crypto markets.
What Analysts Count on for $ETH This Week
Analysts undertaking a buying and selling vary of $1,770 to $2,160 for the approaching week. The chance of a sustained rally stays beneath 20%.
Viktoras Karapetjanc of Merchants Union famous, “If Ethereum can maintain above instant assist and sentiment shifts, a transfer in the direction of $2,160 remains to be on the desk this week.”
A breakout above $2,021 can be the primary sign of aid. With out it, the identical circumstances that worn out one in every of crypto’s largest whales stay firmly in place.
