Huang Licheng Nets $100K Profit from ETH Long Trades Amid Market Pullbacks

Huang Licheng Nets $100K Profit from ETH Long Trades Amid Market Pullbacks

Monitoring data indicates Huang Licheng has slightly reduced his ETH long positions to 2,450 tokens, maintaining almost half a million in unrealized gains.

ETH
HYPE

Fact Check
The evidence overwhelmingly supports the statement that Huang Licheng (also known as Machi Big Brother) made a profit from Ethereum (ETH) long trades. Multiple high-authority sources, including news outlets from major crypto exchanges like MEXC, Bitget, and Binance, corroborate this fact. These sources, often citing on-chain data analysis from firms like Lookonchain and Ember, report profits vastly exceeding the $100,000 mentioned in the statement. For instance, different reports confirm profits of $3.5 million, $33.83 million, $42.6 million, and even $44.5 million specifically from his ETH trading activities, including long positions.One source directly states he closed ETH long trades for a profit of $33.83 million. Since making a profit of several million dollars necessitates also having made a profit of $100,000, the statement is a conservative but factually accurate representation of his trading success during that period. The evidence confirms both the specific activity (ETH long trades) and the outcome (profit).The only contradictory information comes from a single, very low-authority Facebook post mentioning losses. However, the high-authority sources also acknowledge liquidation risks and subsequent losses, but they frame these events as occurring *after* he had already secured tens of millions in profits. Therefore, the existence of losses does not negate the fact that significant profits were made beforehand. The consistency and high authority of the supporting evidence far outweigh the weak, contradictory claim, leading to a high confidence assessment that the statement is true.
Summary

On October 26, monitoring data showed investor Huang Licheng trimmed his Ethereum long positions, now holding 2,450 tokens with unrealized gains of $489,000. This comes after he recovered from a $12.56 million liquidation on October 11 by shifting to smaller trades and rebuilding his portfolio. Previously, his holdings included $680,000 in unrealized profit from ETH and HYPE longs on Hyperliquid.

Terms & Concepts
  • HyperLiquid: A decentralized perpetual futures exchange allowing users to trade cryptocurrencies with high leverage and on-chain transparency.
  • Leverage: The use of borrowed funds to increase exposure to an asset; higher leverage magnifies both potential gains and losses.