Machi Big Brother: ETH Longs Drop to $8.8M on Volatility

Machi Big Brother saw leveraged positions shrink from $11.15M to $8.8M while BTC and ETH traded sideways at highs, with frequent stop-outs on minor dips eroding capital despite flat prices. The trader now carries $114M in longs, $100M of which sits in ETH entered at $2463 with liquidation at $2307 on Hyperliquid. ETH unilateral upside extends gains while any oscillation or decline risks surrendering the prior $11M recovery. Hyperliquid ETH perpetuals rolling leverage risks remain elevated given the structure. On the 4h chart price at $2456.26 sits inside Bollinger bands with upper resistance at $2534.66 and lower support at $2414.13, EMA50 at $2412.81 acting as concrete support and EMA200 at $2146.27 providing deeper floor, while RSI at 49.69 stays neutral and MACD death cross signals fading momentum, pointing to probable retracement toward the 50-EMA before any continuation attempt.