Machi Big Brother Liquidated Eight Times, Then Reopens $4.83M in Longs
Huang Licheng, known as Machi Big Brother, had his ETH long positions liquidated eight times on Hyperliquid between early morning and 8:18 a.m. on October 30. The liquidations closed a total of 510.93 ETH, worth about $1.169 million, across 93 trades. The recorded realized losses were about $31,300, with roughly $409 in liquidation fees. Hyperliquid data showed that after withdrawing about $1,419, the account balance fell to around $0.62. Machi Big Brother later deposited 250,000 USDC and reopened long positions in ETH, BTC and HYPE, with positions worth about $4.83 million. The account had reportedly lost about $7.95 million over the previous 30 days and about $37.11 million since May 2025.
Neutral
The repeated liquidations highlight the risks of leveraged trading, but the event concerns one trader’s account rather than a broad market failure. The reported 5% decline in ETH’s liquidation prices may reflect short-term selling pressure, while the account’s later 250,000 USDC deposit and renewed long positions show that the trader is continuing to take risk. Similar high-profile liquidation stories can prompt caution and volatility among traders, but they do not by themselves establish a market-wide trend. In the short term, traders may watch ETH price action, funding rates, open interest and liquidation levels for signs of wider leverage unwinding. Over the longer term, the episode is more relevant as a reminder of the risks of concentrated, leveraged positions than as a fundamental signal for ETH, BTC or HYPE. No lasting market direction can be inferred from this account alone.