According to on-chain analyst Ember monitoring, Huang Licheng (@machibigbrother) cut the meat position squaring XPL, ASTER, PUMP 7 hours ago, achieving a loss of 21.53 million US dollars. In the last 20 days, he has given back a total of 40 million US dollars in profit. The loss was mainly contributed by XPL: he was previously the largest XPL long on Hyperliquid, overbought XPL at $1.40, and eventually lost $18 million on XPL as XPL continued to decline. Although he cut several heavily losing po...
According to Onchain Lens monitoring, in the case of market decline, Maji brother's long positions on ETH (15 times leverage), HYPE and PUMP (5 times leverage) have lost more than $20 million. In order to avoid being forced to position squaring, Machi was forced to partially close these positions to stop losses.