TradingBeats data showed on Oct. 7 that Machi Big Brother, Huang Licheng, is holding an ETH long position of about 38,400 ETH on Hyperliquid, with a notional value of roughly $98.74 million. The position uses 25x cross leverage and has an average entry price of about $2,679. With ETH trading near $2,573, the position was showing an unrealized loss of about $3.96 million, while the reported return on position stood near -98.7%.
During the day’s market pullback, Huang briefly reduced the ETH long to around 35,700 ETH before increasing exposure again. The position has since returned to about 38,400 ETH. Based on current levels, the estimated liquidation price was around $2,507, or about 2.5% below the prevailing ETH price. The figures were cited by TradingBeats and reported by BlockBeats.
On Oct. 7, TradingBeats monitoring showed that Machi Big Brother, Huang Licheng, was holding an ETH long position of about 38,400 ETH on Hyperliquid, with a notional value of roughly $98.74 million. The trade was using 25x cross leverage, and the average entry price was about $2,679.
With ETH trading at around $2,573, the position was showing an unrealized loss of about $3.96 million. The reported return on the position stood at about -98.7%.
During the day’s market pullback, Huang at one point cut the ETH long to around 35,700 ETH, then added to the long again. The position size has since recovered to about 38,400 ETH.
At current levels, the estimated liquidation price for the position was around $2,507, about 2.5% below the current ETH price.
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