47 days, from $45 million in unrealized gains to just $1,718: Machi Big Brother’s grand finale!
Let’s start with the ending: in the early hours of November 5, Machi Big Brother Huang Licheng had just $1,718 left in his Hyperliquid account. 47 days earlier, the account was sitting on around $45 million in unrealized gains.
Here’s how the final 72 hours went. On November 3, the 25x ETH long he’d stubbornly held onto was completely liquidated, costing him around $15 million in a single trade. On November 4, his account was down to $16,771—most people would’ve shut down their computer at that point. Not him. He used that last $16,000 to open another 25x long, this time for 100 ETH. In the early hours of November 5, ETH fell again along with the broader market. That position was wiped out too, leaving his account at $1,718.
This wasn’t a momentary impulse; it was a full-on downward spiral. Since the market crash on October 11, Lookonchain has tallied 145 liquidations for him. There were 71 in November alone, putting him at the top of the liquidation rankings—far ahead of second-place James Wynn with 26 and third-place Andrew Tate with 19. On the night Binance ran into trouble at the end of October, he was liquidated 8 times in 6 hours, leaving just $1.50 in his account—and still sold NFTs to add to his position.
Think that’s the end? It isn’t. Just today, he sold another 15 NFTs, took a loss to scrape together $223,000, and sent it straight back to Hyperliquid—only to get liquidated again. Lookonchain estimates his total losses on Hyperliquid have reached $37.4 million. He left just one comment: “Was fun while it lasted.”
A lot of people ask: why can’t he stop? The math of 25x leverage is ruthless: if ETH moves 4% against you, your position is wiped out. Every time he opens a trade, he isn’t betting on the market—he’s betting that “one more win and I’ll break even.” That $45 million in unrealized gains at his peak became an anchor, shackling him to the obsession with breaking even. The smaller his capital got, the more leverage he had to use—and the faster he was wiped out.
Last night, $1.25 billion in positions were liquidated across the market, and nearly 240,000 people were forcibly closed out. Machi was just the most famous of them. Look at his 47 days in condensed form and the takeaway is simple: liquidation is never about a single market move; it’s the same hand pressing the same button 145 times. The only thing you can control is your own hand—and that lesson is worth $45 million.
$ETH $HYPE
Let’s start with the ending: in the early hours of November 5, Machi Big Brother Huang Licheng had just $1,718 left in his Hyperliquid account. 47 days earlier, the account was sitting on around $45 million in unrealized gains.
Here’s how the final 72 hours went. On November 3, the 25x ETH long he’d stubbornly held onto was completely liquidated, costing him around $15 million in a single trade. On November 4, his account was down to $16,771—most people would’ve shut down their computer at that point. Not him. He used that last $16,000 to open another 25x long, this time for 100 ETH. In the early hours of November 5, ETH fell again along with the broader market. That position was wiped out too, leaving his account at $1,718.
This wasn’t a momentary impulse; it was a full-on downward spiral. Since the market crash on October 11, Lookonchain has tallied 145 liquidations for him. There were 71 in November alone, putting him at the top of the liquidation rankings—far ahead of second-place James Wynn with 26 and third-place Andrew Tate with 19. On the night Binance ran into trouble at the end of October, he was liquidated 8 times in 6 hours, leaving just $1.50 in his account—and still sold NFTs to add to his position.
Think that’s the end? It isn’t. Just today, he sold another 15 NFTs, took a loss to scrape together $223,000, and sent it straight back to Hyperliquid—only to get liquidated again. Lookonchain estimates his total losses on Hyperliquid have reached $37.4 million. He left just one comment: “Was fun while it lasted.”
A lot of people ask: why can’t he stop? The math of 25x leverage is ruthless: if ETH moves 4% against you, your position is wiped out. Every time he opens a trade, he isn’t betting on the market—he’s betting that “one more win and I’ll break even.” That $45 million in unrealized gains at his peak became an anchor, shackling him to the obsession with breaking even. The smaller his capital got, the more leverage he had to use—and the faster he was wiped out.
Last night, $1.25 billion in positions were liquidated across the market, and nearly 240,000 people were forcibly closed out. Machi was just the most famous of them. Look at his 47 days in condensed form and the takeaway is simple: liquidation is never about a single market move; it’s the same hand pressing the same button 145 times. The only thing you can control is your own hand—and that lesson is worth $45 million.
$ETH $HYPE
