High-profile crypto trader Jeffrey Huang, known online as Machi Big Brother, has generated $2.14 million across 12 consecutive winning trades over the past week on decentralized derivatives exchange Hyperliquid. However, despite the recent profitable streak, platform tracking data reveals his account remains burdened by an all-time perpetual futures deficit of $22.83 million.
Key Takeaways
- Machi Big Brother secured $2.14 million from 12 straight winning trades, all executed on Pump.fun (PUMP).
- His account holds over $151 million in open perpetual long positions across ETH, BTC, HYPE, and PUMP.
- Despite $2.3 million in combined unrealized profits across major longs, his all-time deficit stands at $22.83 million in perpetuals and $24.48 million including spot trading.
- Maintaining his $91.98 million ETH long position has already cost $1.26 million in funding payments.
Winning Streak Driven by Pump.fun Trades
According to on-chain tracking from Lookonchain, Huang's profitable run began with 10 straight PUMP wins over five days, generating $1.34 million by October 2. Two subsequent winning trades added another $800,000, pushing total gains from the streak to $2.14 million. Over the past week, tracking platform Hyperbot logged an 80% win rate across 15 closed positions for his account.
Currently, Huang's PUMP long position has expanded to 700 million tokens, valued at $4.48 million, up from 425 million tokens reported earlier by Lookonchain. Ironically, the PUMP long is his only open position currently in the red, down approximately $50,557. His broader account balance on Hyperliquid reflects an equity base of $12.2 million with an overall leverage ratio of about 12.3x.
Massive Long Positions and Liquidation Risks
While his short-term trading has yielded gains, Huang maintains approximately $151 million in total open long positions. His largest exposure is a 33,800 Ethereum (ETH) long at 25x leverage, valued at $91.98 million. Holding this position has accumulated $1.26 million in funding fees, with a liquidation price set at $2,452.53.
His second-largest position is 455 Bitcoin (BTC) at 40x leverage, worth $39.26 million with a liquidation price of $66,456.5. He also holds 164,500 Hyperliquid (HYPE) tokens at 10x leverage worth $15.36 million with a liquidation threshold at $36.39. Together, the three larger longs carry about $2.3 million in unrealized profit, with total account unrealized profit sitting at $2.2 million. This portfolio represents a clear shift since mid-September, when Arkham data showed he held 39,800 ETH, 569 BTC, and 88,000 HYPE, indicating he trimmed his ETH and BTC positions while nearly doubling his HYPE stake.
Huang's trading history on Hyperliquid has been marked by heavy losses. In March, reports surfaced showing he had lost around $75 million over six months following 335 liquidations, earning him the nickname "King of Liquidations." His net lifetime losses stand at $22.83 million in perpetuals and $24.48 million when including spot trades.
Why It Matters
Huang's trading streak highlights the extreme capital drain associated with high-leverage trading on decentralized platforms. Even after 12 consecutive winning trades, his $2.14 million profit recovers less than 10% of his $22.83 million perpetual trading deficit. Furthermore, maintaining massive leveraged positions during periods of high altcoin futures leverage leaves trader accounts vulnerable to sudden volatility, where continuous funding rate charges like his $1.26 million ETH fee steadily deplete equity before liquidation thresholds are reached.
