Onchain Lens said the trader increased a highly leveraged Ethereum bet after multiple liquidations, with cumulative losses above $34.5 million and losses since September 2025 exceeding $78.35 million.
Huang Licheng (@machibigbrother) deposited another 250,000 USDC into HyperLiquid to add margin to a 25x ETH long position, according to on-chain monitor Onchain Lens. The position has already faced multiple liquidations, underscoring the risk of using high leverage in crypto derivatives trading. Onchain Lens said Huang Licheng's cumulative losses now exceed $34.5 million, while losses since September 2025 have climbed past $78.35 million.