$BTC

Huang Licheng (“Machi Big Brother”) cut his ETH long exposure, but he’s still long.

Current position: 3,600 ETH at 25× leverage

Avg entry: $2,945.42

Floating loss: 28% ($110K)

Liquidation price: $2,880.36 (uncomfortably close)

Why this matters

Risk reduction, not capitulation

Reducing size while keeping the position suggests he’s managing margin pressure, not flipping bearish.

Extremely tight liquidation buffer

With ETH hovering near that range, even a sharp wick could force liquidation. This is high-stress leverage territory.

Market signal (short-term)

When aggressive whales de-risk at high leverage:

It often reflects near-term uncertainty or volatility

Doesn’t necessarily mean a macro ETH top, but local downside risk remains

Psychology angle

Machi is known for swinging big and surviving drawdowns. A 28% floating loss didn’t knock him out — but trimming means he respects the current price action.

Takeaway

Short term: ETH likely remains choppy / fragile, especially around the $2.9k zone

For traders: leverage is getting punished; position sizing > conviction

For spot holders: this is more noise than trend confirmation

#TrumpCancelsEUTariffThreat #WhoIsNextFedChair #WEFDavos2026 #TrumpTariffsOnEurope #GoldSilverAtRecordHighs