One trader — tens of millions in losses

A new record for single-trader liquidations has become a vivid example of how ruthless the crypto market can be even toward the most famous and experienced players. Since the sharp market crash on October 10, large trader Machi Big Brother, well known in the crypto community under the nickname @machibigbrother, has suffered more than 200 liquidations, with his total losses exceeding $22.88 million. For a single trader, this is one of the largest documented cases of losses over such a short period.

At the moment, only about $53,178 remains in his wallet, which looks especially striking compared to the multi-million-dollar positions he was operating just recently. Machi’s story has once again drawn attention to the risks of margin trading and has become a subject of active discussion on social media and among analysts.

According to the latest data, literally within the last hour the trader attempted to recover losses by increasing a long position in Ethereum using extreme leverage of 25x. However, the market, as often happens, did not offer a second chance. A sudden downward price movement triggered another partial liquidation, further worsening his situation and pushing total losses closer to the $22.75–22.88 million range.

Such a strategy demonstrates a classic scenario familiar to anyone who has dealt with high leverage: after a series of failures, a trader increases risk in the hope of quickly compensating for losses. But in the volatile cryptocurrency market, this more often leads not to capital recovery, but to its accelerated destruction. Even a minor price move against a position with 20–25x leverage can wipe out a significant portion of a deposit in a matter of seconds.

Experts note that the Machi Big Brother case clearly illustrates the systemic risks of margin trading. High leverage amplifies not only potential profits but also losses, turning trading into a game with extremely unfavorable mathematical expectations, especially during periods of heightened volatility. The crypto market may appear predictable over short intervals, but sharp movements driven by liquidations, news, or the actions of large players are almost impossible to control.

Machi’s story also highlights that capital size and public recognition are not protection against mistakes. Even traders with access to analytics, insights, and substantial resources remain vulnerable to market dynamics and psychological pressure. A series of liquidations often triggers a domino effect, where each new decision is made not based on strategy, but under the influence of the desire to recover what has been lost.

As a result, this case is already being called one of the most illustrative examples of how aggressive leveraged trading can lead to catastrophic consequences. For the market, it is yet another reminder that cryptocurrencies remain a high-risk asset, and for traders, a harsh lesson in the importance of risk control, discipline, and the understanding that even a single wrong step with high leverage can cost tens of millions of dollars.