Crypto City note: This article was written by (ChainNews) and published on 8/23. Any changes in Machi Big Brother’s holdings must be based on the latest on-chain data.
“Machi Big Brother,” Huang Licheng (Machi Big Brother), who has repeatedly been liquidated due to high-leverage trading, seems to have finally landed on the right side of the market this time.
According to on-chain monitoring information, the “Machi Big Brother,” who has been liquidated nearly 500 times in the past, has recently spent only about 3 days to raise his account assets from approximately US$152,000 (152K) to US$12.72 million (12.72M). His paper gains exceed US$12.5 million.
The news also prompted Lookonchain to joke: “Looks like he no longer needs to sell Bored Apes to maintain his long positions.”
However, Big Brother Maji didn’t stop after that. The latest position data shows he still holds BTC, ETH, and HYPE long positions, meaning this high-leverage trade is still ongoing.
Image source: hypurrscan 8/24 Big Brother Maji’s position changes on Hyperliquid
From $152,000 to $12.72 million, turning over more than 80x in three days
Big Brother Maji is well known for long-term aggressive, high-leverage perpetual contract trading, and in the past he was repeatedly liquidated when the market turned. According to the on-chain monitoring data that has been circulating this time, his total liquidation count is close to 500.
But high leverage is a double-edged sword.
When the market moves in the opposite direction, leverage rapidly erodes the margin and triggers liquidations. But if he bets the direction correctly, the same leverage can also greatly amplify returns on principal. Rebuilding from $152,000 to the ten-million-dollar range this time is exactly the other side of this extreme trading strategy.
Going long on ETH is the main source of profit; BTC and HYPE are still floating at a loss
Based on the current positions, Big Brother Maji’s biggest bet is still on Bitcoin.
His BTC long positions used 40x Cross Margin (full-coverage margin), with a notional value of about $83.15 million, holding roughly 1,080 BTC.
The average entry price for that position is about $77,873.7; the current marked price is about $77,205. So it’s still in a floating loss of roughly $720,000.
By contrast, his ETH long positions are currently in profit. In addition to BTC and ETH, Big Brother Maji also holds 10x leverage HYPE long positions with a notional value of about $3 million, which is also currently floating at a loss.
After nearly 500 liquidations, he still doubled down on over a hundred million dollars—Big Brother Maji hasn’t changed his trading style
After accumulating nearly 500 liquidations in the past, Big Brother Maji did not switch to lower leverage or more conservative trading. Instead, he continued using Cross Margin to open 40x BTC, 25x ETH, and 10x HYPE long positions.
The community also joked about it, saying, “Looks like after this big win, he doesn’t need to sell Bored Apes anymore just to maintain his long positions.”
This article is republished with permission from: (Chain News)
Original title: (After nearly 500 liquidations, Big Brother Maji went on a binge of ETH long trades and made a狂 profit of $12.5 million)
Original author: Neo
The article titled “Nearly 500 liquidation events! Big Brother Maji finally caught ‘the bull coming,’ going on an ETH long rampage to rake in $12.5 million” was first published on “Crypto City.”