Machi Brother Becomes the Strongest Counter-Indicator in Crypto! AI Auntie: Reverse Operations Return Rate 5644%

Over the past six months, well-known figure in Taiwan’s crypto scene, Brother Maji (Huang Licheng), has been continuously long on Ethereum (ETH) with 25x leverage, resulting in a total realized loss of up to $74 million. On-chain analyst “Ai Yi” from China subsequently performed a reverse simulation of his trades, showing that if a completely opposite trading strategy had been followed, the 30-day return could have reached 5,644.9%, making him an unusual reverse market indicator within the crypto community.

Full On-Chain Data Disclosure: Real-Time Positions and Loss Records

(Source: HyperDash)

Huang Licheng’s Hyperliquid wallet address (0x020ca…35872) is fully public on the blockchain and can be tracked in real-time via the HyperDash platform. As of the afternoon of March 24, 2026, his cumulative loss over the past month has reached $2,292,839. Between March 24 and 25, his holdings showed significant adjustments:

Afternoon of March 24:
Holding ETH with 25x leverage long position (about $1.39 million) and HYPE tokens with 10x leverage long position (about $300,000), both in floating loss.

Morning of March 25:
Closed the HYPE long position, increased ETH 25x leverage long position to approximately $2.26 million, and opened a new BTC long position (about $2.54 million). By that time, both positions had turned into floating gains.

The appearance of short-term gains does not change the overall fact that he realized a $74 million loss over six months. This pattern of “short-term rebound amid long-term bleeding” is typical of high-leverage trading behaviors that involve increasing positions to average down.

5,644.9% Reverse Return: The Disparity Behind Quantitative Trading Logic

(Source: Hyperliquid)

On-chain analyst Ai Yi’s calculation logic is clear: by completely reversing all of Huang Licheng’s trading directions on Hyperliquid and simulating the cumulative return over 30 days based on historical data, the result is 5,644.9%. This figure quantifies the degree of divergence between his trading direction and the actual market trend, not an investment recommendation, nor does it imply that a reverse copy-trading strategy can replicate the same results in the future.

The “anti-indicator” phenomenon is not uncommon in the crypto community, but such extreme figures are relatively rare. When a well-known figure with transparent holdings continues to trade against the market with high leverage, their public wallet naturally becomes a point of observation for some community traders. However, reverse copy-trading also involves execution risks associated with high leverage positions, whether in the forward or reverse direction, and should be approached with caution.

Background: From NFT Market Legend to On-Chain Controversial Figure

Huang Licheng’s prominence in Taiwan’s crypto scene predates this Hyperliquid incident. He has led several crypto-related projects, including early ventures like Treasure Island Finance and Silver Coin. On-chain detective ZachXBT publicly released a report accusing Huang of allegedly misappropriating investor assets through Treasure Island Finance. Huang responded by threatening to sue for defamation, and the two parties eventually reached a settlement without a formal judicial ruling. This history has kept every transaction in his public wallet under high community scrutiny.

Frequently Asked Questions

Q: Is Brother Maji’s Hyperliquid wallet address truly publicly accessible?
Yes. Huang Licheng’s wallet address 0x020ca…35872 is fully public on the blockchain and can be tracked in real-time via platforms like HyperDash. This is an inherent feature of decentralized exchanges’ “on-chain transparency,” accessible to anyone.

Q: How is the 5,644.9% reverse copy-trading return calculated?
On-chain analyst Ai Yi reversed all of Huang Licheng’s historical trades on Hyperliquid and simulated the 30-day cumulative return, arriving at 5,644.9%. This is based on historical data for reverse simulation and is not a prediction of future performance nor investment advice.

Q: Does Huang Licheng still hold contract positions?
According to on-chain data as of March 25, 2026, Huang Licheng still held ETH with 25x leverage (about $2.26 million) and a BTC long position (about $2.54 million), indicating he remains actively engaged in contract trading on Hyperliquid.