Jeffrey Huang, known in crypto as Machi Big Brother, is the producer of the Taiwanese film Kung Fu which debuted today with a budget of nearly $10 million (300 million TWD). But his crypto trading tells a different story. Since October 2025, Huang has been repeatedly liquidated on the decentralized derivatives platform Hyperliquid, racking up 241 liquidations and total losses exceeding $71 million (about 2.3 billion TWD).
A Liquidation Saga on Hyperliquid
Huang's main play was 25x leveraged longs on Ethereum (ETH). With such leverage, a mere 4% adverse move triggers liquidation. Over four months, his account balance once dropped to around $20,000. Each time after getting liquidated, he immediately reopened a position, depositing more USDC to continue longing ETH. His relentless approach earned him the nickname 'Liquidation King' among crypto communities.
How Many 'Kung Fu' Movies Could That Fund?
At roughly $71 million in losses, divided by the $10 million production cost of Kung Fu, that equals 7.7 movies. In other words, the money Huang burned on Hyperliquid could have funded seven more big-budget Taiwanese films. By typical local film standards (budgets of $1–$1.7 million), it could finance 46 to 77 movies.
Film Producer vs. ETH Bull
Huang's two identities create a stark contrast: as a film producer, he committed nearly $10 million to support Taiwanese cinema; as a crypto trader, he burned the equivalent of 7.7 major films in four months by repeatedly longing ETH with extreme leverage. After every liquidation, he still believed ETH would rally. Perhaps the real kung fu lies not in how many times you get it wrong, but in how many times you still believe the market will go up. Kung Fu is now in theaters, while Huang's next Hyperliquid move remains anyone's guess.