Huang Licheng, better known in the crypto market as Machi Big Brother, is sitting on roughly $58.78 million in long positions on decentralized derivatives platform Hyperliquid. According to the latest on-chain update from analyst account @ai_9684xtpa on the 17th, his BTC, ETH, and HYPE positions are all in the green, with combined unrealized profit reaching about $2.597 million.
The largest contributor is his ETH long. The position was opened with 25x leverage at an entry price of around $2,195, and the unrealized gain on ETH alone has climbed to $1.947 million. Based on the source material, that position has also pushed him into the rank of one of Hyperliquid’s largest ETH holders, reaching the platform’s second-largest ETH position by size.
April rebound turned a familiar high-risk trader back into profit
The report describes a sharp change in momentum for Huang, who had often been mocked by crypto communities as a “reverse indicator” and a trader known for liquidations. During the market rebound in April, his recent activity on Hyperliquid shifted that narrative. His large leveraged longs moved into profit, and the source says he also recorded a streak of 15 consecutive winning trades during the month.
That run, together with several short-term trades timed around local highs and lows, drew fresh attention to his trading style. He has long been known for aggressive leverage. This time, the focus is on a profitable turnaround rather than another forced exit.
Take-profit orders were set in advance for BTC, ETH, and HYPE
One of the more notable details in the on-chain data is that Huang appears to have placed take-profit levels ahead of time instead of simply holding the positions without an exit plan. The reported targets were $77,000 for BTC, $2,420 to $2,450 for ETH, and $44.888 to $45.5 for HYPE.
At the time of writing in the original report, both Bitcoin and Ether had already reached those preset take-profit levels. For a trader whose public image has been tied to oversized leverage and blowup risk, this trade stands out not only because of the scale of the unrealized gains, but also because the exit strategy was visible on-chain.