Ethereum nearly broke 2000 recently! Brother Maji lost 77 million USD this year, with only 100k left in his account

On-chain data shows that Huang Licheng adopted a high-leverage long strategy in the derivatives market. Due to frequent forced liquidations, he lost more than $77 million within a year, and his account balance fell to $100,000.

According to Arkham on-chain data monitoring, the account assets of well-known crypto investor “Machi Big Brother” Huang Licheng (Machi Big Brother) have recently shrunk significantly on the decentralized perpetual contract Hyperliquid. Affected by the extreme volatility in the crypto market, the account was repeatedly forced to liquidate high-leverage long positions; within a year, it suffered a massive loss of more than $77 million. At present, the account’s available balance has dropped to about $100,000. Will Machi Big Brother exit the market because of this?

An Eternal ETH Bull, Machi Big Brother Liquidated More Than 100 Times

According to Arkham on-chain data monitoring, Machi Big Brother has pursued a highly aggressive trading approach in the Ethereum (ETH) derivatives market, frequently opening leveraged long positions with 25x to 40x. In the perpetual contract market, high leverage means extremely low tolerance for mistakes in maintenance margin; when the price of ETH drops sharply, the account margin quickly falls below the liquidation threshold because it cannot withstand price fluctuations. On-chain records show that from late 2025 to early 2026, this account has accumulated more than 300 forced liquidations of varying sizes, and each liquidation caused his principal to effectively evaporate.

The More Setbacks, the More Courageous? A Disastrous Loss of $77 Million Within a Year

Market observers point out that the core reason for the account’s staggering loss of nearly $77.7 million is that, when the market turned downward, it failed to execute stop-loss positioning in time. Instead, it adopted a business model of continuously depositing funds, averaging down against the trend, and then reopening high-leverage long positions. This highly market-dependent “averaging down” strategy—relying on short-term rebounds—easily turns into a funding black hole when the market enters high volatility or into medium- to long-term correction waves. As ETH repeatedly broke below key technical support levels and yesterday even nearly fell below $2,000, Machi Big Brother has already suffered a loss of $77 million within a year.

With Only $100,000 Left in the Account, Will Machi Big Brother Exit the Market?

After going through multiple rounds of market corrections and intensive liquidations, Machi Big Brother’s trading account balance is now only $100,000, forming a stark contrast with his past ability to move funds ranging from tens of millions to hundreds of millions of dollars across DeFi and non-fungible token (NFT) markets. Will Machi Big Brother deposit funds again to average down this time? Or will he exit the market altogether?

• This article is reprinted with permission from: 《Chain News》
• Original title: 《ETH Nearly Breaks 2000, Machi Big Brother Loses 77 Million in a Year, Account Only Has 100,000 Left》
• Original author: Florence