Trader with $22.8 Million Losses Scores 12 Straight Wins

Machi Big Brother, known for his volatile trading history, has achieved an impressive streak of 12 consecutive winning trades over the past week, netting a total of $2.14 million. According to Lookonchain, all these wins were tied to a single token, Pump.fun (PUMP). The streak began on October 2, with the first 10 wins generating $1.34 million, and the subsequent two trades adding another $800,000 to the total.

The trader's success is notable given his significant losses in the past. His Hyperliquid account holds about $151 million in open long positions, with the largest being 33,800 Ethereum (ETH) at 25x leverage, valued at $91.98 million. His Bitcoin (BTC) position stands at $39.26 million across 455 BTC with 40x leverage, while his Hyperliquid (HYPE) position is worth $15.36 million. Despite the recent wins, his PUMP long remains the only position in the red, down approximately $50,557.

The three larger long positions carry about $2.3 million in combined unrealized profit. However, maintaining the ETH position has already cost him $1.26 million in funding payments. His liquidation prices for ETH, BTC, and HYPE are $2,452.53, $66,456.5, and $36.39, respectively. Over the past week, his win rate across 15 closed positions was 80%, with his equity currently at $12.2 million and an overall leverage ratio of about 12.3x.

Machi Big Brother, whose real name is Jeffrey Huang, has a history of significant losses. In March, he lost around $75 million over six months. Lookonchain recorded 335 liquidations on his account by that point, earning him the nickname 'King of Liquidations'. His all-time perpetuals loss stands at $22.83 million, widening to $24.48 million when including spot trading. Despite the recent gains, his open positions currently carry about $2.2 million in unrealized profit, with the larger swing factor being his $131.24 million in ETH and BTC longs.