Blockchain monitoring agency Onchain Lens data shows that well-known investor Machi Big Brother (Huang Licheng) was forcibly liquidated on February 23 during the market turbulence when Bitcoin dropped below $65,000. He incurred total losses exceeding $27 million. His investment in the New Year film "Kung Fu" also resulted in a loss.
Bitcoin Liquidation Event: Reopened Long Position with 25x Leverage Immediately After Liquidation
(Source: Hyperbot)
On February 23, Bitcoin rapidly declined from around $67,500, falling below the critical support level of $65,000 within hours, triggering a chain of forced liquidations of long leveraged positions. Machi Big Brother is known in the crypto community for his "tearful long" trading style. This forced liquidation caused his total losses to surpass $27 million.
Shortly after the liquidation, Huang Licheng reopened a long position with 25x leverage, buying 1,700 ETH, worth approximately $3.19 million, maintaining his consistent high-leverage contrarian bullish stance.
It is noteworthy that on the same day, Taiwan's Weighted Index surged over 600 points after the Lunar New Year holiday, breaking through 34,000 points. A clear divergence appeared between traditional stock markets and the crypto market, highlighting differing market sentiment during the initial liquidity recovery phase across asset classes.
Film Investment Details: 14 Films Released, 9 Losses, "Kung Fu" Among the Losses
In addition to his crypto activities, Machi Big Brother has long been deeply involved in Taiwan's film industry. Huang Licheng started investing in "Seediq Bale" in 2011 and officially established "Machi Diga Film Company" in 2018. To date, he has invested in over 14 released films. Recently, he publicly disclosed his investment details on the Threads platform, admitting an overall success rate of less than 40%.
Main Investment Profit and Loss Overview
Loss-making films (9): "Seediq Bale," "Transform," "Cry," "Double Body Crime," "Ghostly," "You Are in My Heart," "Black Education," and the currently screening "Kung Fu," among others.
Profitable films: The first three "Zong Ye" series, and "The Old Man" directed by Nine Knives.
Clarification of controversy: Director Nine Knives commented under the post, stating, "May I ask, is there any area that needs improvement?" indicating no losses.
Huang Licheng publicly expressed his unwavering support for Taiwanese cinema. Most netizens praised his long-term financial support for local productions, considering it more meaningful than mere verbal support.
Frequently Asked Questions
Why does Machi Big Brother (Huang Licheng) receive special attention whenever Bitcoin drops?
Machi Big Brother (Machi Big Brother) is known for his long-term high-leverage long positions on Bitcoin and Ethereum. His on-chain transaction data is continuously tracked and disclosed by agencies like Onchain Lens. His trading decisions and position sizes are highly discussed in the crypto community. Each large-scale liquidation sparks widespread discussion.
Is Machi Big Brother's investment in "Kung Fu" and other Taiwanese films purely commercial?
According to Huang Licheng's public statement on Threads, he has been investing in Taiwanese film and television since 2011. Out of 14 projects, 9 resulted in losses, with an overall success rate below 40%. His comments indicate that his film investments are motivated partly by support for local creations, not solely for profit.
What are Machi Big Brother's subsequent actions after this Bitcoin liquidation?
Based on on-chain data from Onchain Lens, Huang Licheng reopened a long position with 25x leverage shortly after liquidation, buying 1,700 ETH, worth about $3.19 million, maintaining his contrarian bullish stance and continuing to position himself during the $65,000 support battle.
