On March 3, according to on-chain analyst Yu Jin, after losing $26.5 million in the 1011 crash, “Machi Big Brother” Huang Licheng has been using a small-scale rolling long strategy: whenever the account loss is close to the maximum, he transfers in another 250,000 USDC to long position.
Even so, he has lost another $16.2 million in the past four and a half months. His strategy is more like "splurging" than rational investing: when long on ETH, he rolls profits onto losing positions and holds onto losing positions until he is liquidated. Currently, his total losses on the Hyperliquid platform have reached $27.53 million.
