Prominent crypto investor Huang Licheng, widely known as Machi Big Brother, has made a bold return to the Ethereum market just moments after a significant liquidation. After a volatile market shift erased his profits and resulted in a $13.7 million cumulative loss, Machi immediately opened a new, highly leveraged long position on ETH, signaling his continued confidence in the asset.

An $8.8 Million Bet on a Rebound

According to on-chain data, Machi deposited 284,000 USDC into the decentralized derivatives exchange Hyperliquid to establish a new long position of 2,300 ETH, valued at approximately $8.8 million. The trade is heavily leveraged, with a liquidation price set at $3,680.92. Should Ethereum’s price fall below this level, the position would be at risk of another margin call.

This aggressive re-entry follows a dramatic turn of events for the trader. Previously one of the top performers on the platform, Machi had accumulated profits of $44.84 million. The recent liquidation wiped out those gains, flipping his account to a cumulative loss of over $13.7 million and highlighting the severe risks of high-leverage strategies.

Analyzing the High-Stakes Position

Deeper analysis of the new trade on Hyperliquid reveals it operates with 17x leverage, bringing the total notional value to $9.42 million. With 100% long exposure, the position confirms a fully bullish stance on Ethereum. While the trade initially showed an unrealized profit, its high leverage leaves very little room for market corrections before hitting the liquidation threshold.

In addition to his primary ETH position, Machi also opened a smaller long position on the HYPE token worth around $382,000, suggesting an interest in diversifying his on-chain exposure. Despite the recent setback, his decision to immediately re-engage the market shows a mix of resilience and conviction in his strategy of betting on market rebounds.

A Closely Watched Market Indicator

Machi’s actions are closely tracked within the crypto community, where traders often view his movements as a barometer for short-term ETH momentum. His swift return to a high-risk trade has once again captured the market’s attention. As Ethereum hovers in the mid-$3,800 range, his leveraged position could either rapidly recover his recent losses or become another cautionary tale in the volatile world of crypto derivatives.