Jeffrey Huang, known as Machi Big Brother, posted another steep loss on Hyperliquid after maintaining a heavily leveraged long position in ETH perpetuals. Data cited from Hyperbot shows his weekly loss exceeded $1.42 million, while his available margin dropped to $0. His cumulative losses from perpetual futures reached $28,661,677.
Clustered ETH buys were followed by forced liquidations
On-chain records show Huang added to his long exposure within a short period, opening positions in batches between $2,041 and $2,059. The added size totaled 450 ETH. After the market moved lower, several positions were liquidated in sequence.
The largest hit came when 1,088 ETH was fully liquidated at $2,030, producing a loss of $72,051 on that trade alone. Other visible reductions and partial liquidations included 540 ETH at $2,079 for a loss of more than $9,300, 340 ETH at $2,057 for a loss of more than $13,100, and 272 ETH at $2,044 for a loss of more than $14,000. Recent visible liquidation losses topped $120,000, while the total loss for the week, across 850 trades, was reported at more than $1.42 million.
Account still held a $1.02 million position with 25.73x leverage
At the time of the cited screenshot, the account still carried a total position value of about $1.02 million and leverage of 25.73x. With free margin already at zero, even a modest decline in ETH could put the remaining position at risk of another liquidation.
Hyperbot data also showed that Huang had only 2 fully closed winning trades out of 850 transactions. The reported win rate for the week was 0.00%, and the maximum drawdown stood at 99.12%.
He kept adding after the liquidation
The reported trading pattern did not stop with the latest wipeout. According to the source material, on-chain activity showed Huang adding back to his ETH long in small batches of 25 ETH a few hours after the liquidation event.
The report noted that ETH has been moving in a $2,000 to $2,200 range recently. At roughly 25x leverage, a move of about 4% against the position could be enough to erase margin again. That cycle of liquidation, new deposits, and reopening longs has become a topic of discussion in the Hyperliquid community.