Machi Big Brother周亏416万美元，Hyperliquid持仓曝光

2026-01-21 16:20:09

【Crypto World】Hyperliquid makes another big move. Arkham’s monitoring data shows that Machi Big Brother (Huang Licheng) took a pretty heavy loss this week—$4.16 million in a single week. As a result, his total account profit and loss has dropped to a new low of -$24.5 million. His current holdings are as follows: holding $1.7 million worth of ETH long positions, with a small unrealized profit of $6,800. It seems that this big player has been taking quite a bit of trading risk recently.

ETH1,67%

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DaoResearcher

· 1h ago

Based on on-chain data, the fundamental reason for this loss actually reflects the fragility of the Token Weighted Voting mechanism in high leverage markets— the incentive incompatibility issue has been conclusively proven again. --- $4.16 million loss in one week, with a cumulative unrealized loss of -$24.5 million... this is the real case of "governance failure," worth Hyperliquid's deep reflection in the next proposal. --- From the data performance, 1.7 million ETH long positions with a $6800 small unrealized profit, this kind of position structure is essentially betting on liquidity depth— a very risky assumption. --- I find this guy's trading logic a bit hard to understand; I suggest reading Hyperliquid's risk control model white paper first... maybe it will help understand why they lost so much. --- $4.16 million in one week... honestly, such a level of loss indicates either leverage management issues, or ridiculous position holding periods, or both. --- Quoting Vitalik's view, the failure rate of highly centralized trading decisions in the derivatives market has long been confirmed by data.

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EthSandwichHero

· 9h ago

Huang Licheng lost 4.16 million this week; luckily, he's still holding ETH to support him.

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SellLowExpert