By Isaac • August 15, 2026 11:10 pm •
A closely watched crypto whale cut more than half of his leveraged Ethereum position in a month. The unsettling part is what happened to the trade’s margin for error.
CryptoSlate reviewed public Hyperliquid account data tied by blockchain explorers to machibigbrother.eth. Its August 14 snapshot showed a 2,500 ETH long—down 52.51% from the 5,264 ETH position reported on July 14.
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Smaller did not mean safer. At the moment CryptoSlate captured the account, Hyperliquid listed a liquidation price of $1,859.15 while its ETH midpoint stood at $1,881.65.
That was a cushion of just $22.50, or 1.21%. The comparison matters because the account had already removed thousands of ETH in exposure without rebuilding a wide buffer against another
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