Machi Big Brother, the crypto pseudonym of Jeffrey Huang, has reopened a $34 million leveraged Ethereum long position on Hyperliquid, despite facing $22.5 million in cumulative losses. The high-profile trader's account is now over $67 million below its peak equity. His latest move comes after a series of forced liquidations in December wiped out several of his previous Ethereum longs. Machi's aggressive trading strategy involves high leverage, with his current position backed by less than $2 million in collateral. This leaves him vulnerable to market fluctuations, as a small drop in Ethereum's price could trigger another liquidation. Ethereum is currently trading in a tight range around $3,000 to $3,100, with market sentiment remaining cautious amid ETF outflows and uncertain Fed rate expectations.