Machi Big Brother: Closes ETH and BTC Longs

As markets plunge, prominent trader Machi Big Brother (@machibigbrother) has slashed most of his leveraged longs in ETH (25x) and BTC (40x), suffering liquidations along the way that pushed his total losses back to nearly $32M. He still clings to positions worth around $10M, betting against the tide in this brutal crypto market crash.

Digging into Machi's track record over the past year, his aggressive leveraged plays have repeatedly backfired, mirroring broader warnings on liquidation risks in ETH and BTC trading—where borrowing amps up gains but crushes portfolios when trends reverse, as seen in multiple high-profile blowups amid volatile swings.

On the ETH 4-hour chart, price action screams caution with a clear bearish structure intact: trading at $2224.5 inside the Bollinger Bands, hugging that lower support near $2218.11 while the EMA50 at $2292.78 and EMA200 at $2273.61 loom as stiff overhead resistance. MACD's death cross at -16.88 signals weakening momentum, and with RSI at 36.52 staying neutral but leaning oversold, we're eyeing a potential bounce only if it holds here—otherwise, ETH price prediction points to deeper pain toward fresh lows, especially as Bitcoin trading losses pile up across the board and hype around assets like TAO fails to stem the bleed.