Machi Big Brother Huang Licheng faces total losses nearing $13.76 million after a new high-leverage Ethereum trade followed his recent liquidation.
On October 23, Onchain Lens reported that crypto trader Machi Big Brother Huang Licheng’s 25x leveraged long position in Ethereum was fully liquidated, resulting in a $1.57 million loss. Shortly after, he entered another 25x leveraged ETH long, which has brought his cumulative losses to $13.76 million. The incident highlights the extreme risks inherent in high-leverage cryptocurrency trading.