on-chain data shows that Brother Machi Huang Licheng has just closed all his Longing Bitcoin and HYPE positions, and now only holds a Longing Ethereum position with 25x leverage, holding 5,400 ETH, at a liquidation price of approximately $2,795.
The move came about 15 minutes before the original news release on December 21st, amidst a week where Brother Machi recorded a high win rate but still suffered a significant net loss.
- Close all Longing in Bitcoin and HYPE; remain Longing on Ethereum at 25x the opening price.
- Holding 5,400 ETH; liquidation price is approximately $2,795.
- This week: 15 Longing trades, winning 80% but resulting in a net loss of approximately $1.46 million.
Brother Machi's current position
Brother Machi has withdrawn from Longing Bitcoin and HYPE positions, shifting his focus to a single Longing Ethereum position with 25x leverage.
According to on-chain data, the closure of all Longing Bitcoin and HYPE positions occurred approximately 15 minutes before the information was recorded on December 21st. He currently holds 5,400 ETH in a Longing position with 25x leverage, with an estimated liquidation price of around $2,795.
With high leverage, the $2,795 level represents the primary risk level for the current Ethereum position. No further data is provided in the original text regarding entry price, margin size, or the exchange/ Derivative market used.
This week's trading performance: many wins but still losses.
During the week, Brother Machi executed 15 Longing trades; 12 were profitable and 3 were losing trades, resulting in an 80% win rate but a total net loss of approximately $1.46 million.
The statistics clearly state: 15 Longing trades were made during the week, including 12 profitable trades and 3 losing trades, corresponding to an 80% win rate. However, the net result for the week was still a negative approximately $1.46 million, indicating that the losing trades may have been larger in scale or had greater losses than the winning trades.
This data highlights that a high win rate does not necessarily translate to a positive net profit, especially when using leverage (such as 25x in the current Ethereum position). The original content does not provide details on Capital allocation or profit/loss per trade.
