Trader Huang Licheng, known as Machi Big Brother, saw his Hyperliquid trading account plummet from $12.25 million to $21,800, representing a 99.82% loss from its peak. The account had started with $56,000 before multiplying in value by nearly 219. When the market turned downward, he closed his positions in Bitcoin, HYPE and PUMP while maintaining a substantial long position on Ethereum. This represents another episode in a series of repeated liquidations that underscore the extreme risks of leveraged trading. According to Hypurrscan data, new small long positions on ETH may have been opened shortly after the October 15 liquidation.
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