Machi Big Brother, the pseudonymous crypto trader also known as Jeffrey Huang, has seen his trading account plummet to approximately $30,000 following a series of liquidations on the decentralized perpetuals exchange Hyperliquid.
On-chain data from Arkham Intelligence shows the trader went from an unrealized profit peak of $44.84 million to a total realized loss of $75.19 million over the past six months.
High Leverage, Repeated Liquidations
Machi Big Brother, known for highly aggressive, leveraged perpetual futures trading, maintained large long positions in Ethereum and other assets through late 2025 and early 2026. The trader frequently used leverage of 25x to 40x on the Hyperliquid platform.
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His positions swung sharply. At one point, unrealized profits reached about $45 million, but repeated liquidations followed as markets turned.
Over the past six months to March 2026, the trader recorded cumulative realized losses of $75.19 million on Hyperliquid.
Over the past six months, total realized losses reached roughly $75 million. The largest drawdown wiped out a peak unrealized profit of over $44 million. This included a single liquidation of nearly $30 million on a leveraged Ethereum long, alongside an $8.66 million unrealized loss on a PUMP position.
In total, Machi Big Brother has recorded more than 335 liquidations. Activity intensified in recent months, with 145 liquidations since October 2025 and 262 in January 2026 alone, earning him the nickname “King of Liquidations” among market participants.
From Rapid Gains to Steep Losses
Machi Big Brother also recorded periods of significant gains on Hyperliquid. In mid-2025, he turned an estimated $6 million deposit into more than $2 million in profit within a week through leveraged long positions in Ethereum and HYPE, later staking the proceeds.
At one peak in September 2025, unrealized profits exceeded $44 million, driven largely by Ethereum positions. Additional gains included more than $6.5 million in unrealized profit on HYPE trades in June 2025.
During early 2026 market rebounds, smaller deposits around $250,000 were briefly converted into weekly profits exceeding $2 million. Rapid re-entries after near-total drawdowns yielded temporary gains, but volatility remained extreme.
Why This Matters
High-profile traders often influence market sentiment, but their strategies, particularly high-leverage trading, carry significant risk. Machi Big Brother’s experience highlights that copying such strategies without careful risk management can result in substantial losses.
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People Also Ask:
Perpetual futures are contracts that let traders speculate on asset prices without an expiration date. Leverage allows traders to control larger positions than their account balance, increasing both potential gains and risks.
A liquidation occurs when a leveraged position moves against a trader. The platform automatically closes the position to prevent further losses, which can erase large amounts of capital.
Machi Big Brother is the pseudonymous crypto trader also known as Jeffrey Huang, known for highly leveraged trading on decentralized platforms like Hyperliquid.