“Brother Maqi” Huang Licheng’s aggressive leveraged trading on the decentralized exchange Hyperliquid saw his assets plummet from a peak of over $50 million to nearly zero within just a few months. However, today (the 5th), he added to his position again.
(Background recap: Brother Maqi lost it all! Fully liquidated his 25x long Ethereum position, “opened a new order in seconds,” with accumulated losses reaching $25.88 million)
(Additional background: Brother Maqi loses it again! Fully liquidated his 25x long Ethereum position in three hours, total losses exceeding $25 million)
The crypto community’s “Brother Maqi” has recently been showing continued losses in his operations on the decentralized contract exchange Hyperliquid. On-chain data indicates that since October last year, he has transferred approximately $13.16 million into Hyperliquid, but most of his positions ended in losses. His account assets have shrunk significantly from a peak of about $50.39 million in September last year. Today, he added to his position again from a balance of over $50,000 yesterday, with a decline of over 99%, earning him the nickname “Liquidation King” in the community.
25x Leverage Cycle Additions
According to Coinglass data, machibrother has recently mostly used 25x leverage to go long on Ethereum (ETH) and Hyperliquid’s native token HYPE. In the morning, he added to his position to hold 1,000 ETH. Around 7 p.m., when Bitcoin dropped below $70,000, Maqi reduced his ETH holdings by half. Currently, he is long with 25x leverage, holding 500 ETH, and also has a 10x long position of 45,000 HYPE tokens.
His current liquidation price is $2,035.19.
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