Well-known Hyperliquid trader Machi Big Brother, identified as Huang Licheng, saw a remarkable leveraged trading streak end in full liquidation on October 15, 2026. On-chain monitoring by Lookonchain and BlockBeats showed that Machi had grown an initial $56,000 into $12.25 million over roughly four months, only for the entire position to be wiped out amid market turbulence, leaving his account at just $21,800.
The liquidation was flagged by on-chain watchers, including Hupzy, which noted that a collapse of this size can force other positions to close on a perpetual futures venue. The event underscored the risks of high-leverage trading: when the market moves against a leveraged position, exchanges can automatically close it, erasing the funds backing the trade.
Shortly after being liquidated, Machi returned to the market. Data from Hyperbot showed that about 25 minutes later he opened a new long position on Ethereum with 25x leverage. The position reportedly holds 290 ETH and carries a liquidation price of $2,324, according to Odaily. If Ether falls to that level, the exchange would automatically close the new position as well.
The sequence drew wide attention on social media, with Lookonchain describing the swing as a “roller coaster.” Binance News also shared reports covering both the full liquidation and the new ETH long. The reports did not detail how the new trade was funded after the account balance dropped to $21,800.
