On-chain tracking data shows that crypto celebrity Machi Big Brother (real name Huang Licheng, @machibigbrother) is once again in the spotlight. He deposited 250,000 USDC into the decentralized derivatives protocol HyperLiquid, adding to his existing ETH perpetual contract long position. Huang, a former Taiwanese singer and actor, has become a prominent crypto investor in recent years, and his whale-sized moves often draw community attention.
The position operates at a high leverage of 25x and has repeatedly faced liquidations due to ETH price volatility. Despite this, Machi Big Brother opted to add more margin rather than close the losing trade. On-chain data reveals that cumulative losses on this long position have now exceeded $34.5 million. Looking at a broader timeline since September 2025, the total losses from this strategy have ballooned to over $78.35 million, encompassing multiple instances of added margin and eventual liquidations.
With the fresh 250,000 USDC deposit, the position's liquidation price has been lowered, temporarily reducing the immediate risk of forced closure. In derivatives trading, a 25x leverage means a roughly 4% adverse move in ETH can trigger liquidation. While high leverage magnifies potential gains, it equally amplifies losses. HyperLiquid, as a popular platform for such trading, offers deep liquidity but also has seen multiple whale liquidation events.