The cryptocurrency market experienced another sharp drop this afternoon (11th), with Ethereum (ETH) falling below the $1970 mark around 3 pm Taiwan time. As the market accelerated its decline, Taiwanese celebrity Huang Licheng (Machi Big Brother), known for his trading on Hyperliquid, once again attracted market attention due to his on-chain transaction activity. 
I opened a long position with 25x leverage and then cut my losses, resulting in a loss of nearly $147,300.
According to real-time monitoring by the on-chain analytics platform Hyperbot, as the market accelerated its decline over the past hour, Huang Licheng cut his losses by reducing his long positions in ETH by 1,725 units around 1 p.m., realizing a loss of approximately $147,304.16.
It is worth noting that Huang Licheng had just cleared out 1,500 long positions of ETH yesterday and cut losses on more than 1,650 positions the day before, leaving him with only 3,000 ETH in his holdings. However, he was still determined to buy the buy the dips last night and once brought his holdings back to 5,025 ETH.
He bought more shares late at night for three consecutive nights, then sold them at a loss in the afternoon – a testament to his strong gambling spirit.
If you've been following Machi Big Brother's news, you're probably already aware of his recent routine: "cutting losses in the afternoon and buy the dips in the middle of the night." This has been the third or fourth consecutive day that Machi Big Brother has cut his losses on his Ethereum long positions in the same way. But after each loss, he still stubbornly holds onto his bullish view of Ethereum at 25x, showing his strong gambling spirit. He probably firmly believes that his persistence and savings will eventually allow him to buy the dips.
However, he has lost more than $1 million this week. Many people who left comments on social media mentioned that Machi Big Brother's work and methods may have been targeted by Wall Street and large market makers, turning him into a free ATM.
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