Huang Licheng’s crypto account loses $2 million in 80 minutes

An address associated with Huang Licheng, also known as Machi Big Brother, saw its assets fall from $12.8 million to $10.8 million in 80 minutes during a short-term cryptocurrency market selloff. TradingBeats, formerly known as Hyperinsight, reported that the account had grown from $152,000 to more than $10 million in three days after nearly 500 liquidations, with earlier figures indicating more than $12.6 million in profits. The account still holds leveraged long positions of 888.88 BTC and 19,100 ETH. The Bitcoin position has an unrealized loss of $470,000, while the Ethereum position has an unrealized gain of $2.17 million. The trader has also stopped selling Bored Ape NFTs to support leveraged ETH longs after previously selling multiple NFTs for margin.

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