Magi big brother adds 700,000 to the position and re-enters ETH again; currently, it is in profit of over $1 million

According to on-chain data analytics platform Hyperinsight, crypto investor “Maji Brother” Huang Licheng has built up long positions in Ethereum (ETH) as of April 8 totaling 10,875 ETH, with a total value of $24.29 million. His unrealized profit is currently over $1 million, and his liquidation price is $2,061.19. Huang Licheng closed his positions on March 26, then deposited $700k to top up margin.

Timeline of This Round of Operations: From the Edge of Zero to a $24.29 Million Position

This ETH long position was opened as a quick contrarian re-entry by Huang Licheng after a series of major losses stemming from extremely high leverage. The key milestones are as follows:

Timeline of This Round of Operations

March 22 (Large-Scale Liquidations): The market sees violent swings; highly leveraged long positions are forcibly liquidated, with account assets dropping rapidly from tens of millions of dollars to about $158k—nearly to zero.

March 26 (Another Forced Liquidation): The account is hit again by forced liquidation, leaving only about $90k—the lowest point of this round of operations

After March 26 (Additional Margin and Re-Entry): Deposit $700k into Hyperliquid to begin deploying this round of ETH longs

April 8 (Current Situation): Holds 10,875 ETH long positions, total value $24.29 million, unrealized profit over $1 million, liquidation price $2,061.19

“Never Lose”: A Real-World Reflection of an Extreme Trading Philosophy

On March 30, in response to outside doubts about being liquidated, Huang Licheng left a quote widely circulated: “ I never lose. I always win or get liquidated. (I never lose—either I win or get liquidated.)”

This quote not only defines his trading philosophy, but also accurately describes his actual operating pattern over the past few months—every time the account shrinks, he rebuilds positions with even larger size, maintaining a highly consistent style of high leverage and high-frequency trading, rather than stopping due to losses.

Incredible Data Fully Broken Down: Trading Fees, Loss Records, and Capital Size

Huang Licheng’s trading data is considered extreme within the crypto community. The following key figures help reconstruct the scale of his operations:

Q1 2026 Cumulative Realized Losses: As much as $75.19 million (about NT$2.4 billion). At one point, his account fell to only tens of millions of dollars, but he kept adding margin and maintaining trading; the strategy has never changed due to consecutive losses.

Hyperliquid Cumulative Trading Fees: Screenshots of Huang Licheng’s public back office show that the accumulated fees paid total $1.94 million (about NT$62 million). The numbers indirectly reflect his extremely high trading frequency and the massive size of each single position.

Account Points: Hyperliquid platform points exceed 460k—far higher than those of typical users—confirming that his trading activity ranks at the very top of the platform.

Ongoing Margin-Top-Up Records: In addition to the $700k top-up in this round, other records show he again deposited about 250k USDC as trading capital. His ability to replenish funds does not stop despite consecutive losses.

Polarized Reviews: “The Gambler” and Risk Warnings Coexist

Huang Licheng’s consecutive operations have sparked sharply divided opinions in the crypto community. Some describe his style with phrases like “the gambler” and “liquidation is only a process,” and comments include “Thank you for your contribution,” “King of Liquidations,” and the like, treating him as a unique presence in the crypto world. On the other hand, many investors caution that high-leverage trading in extreme market conditions can cause a total loss within a few hours, and ordinary investors cannot replicate his ability to replenish capital.

Common Questions

What is Maji Brother Huang Licheng’s current ETH long position size?

Based on Hyperinsight monitoring data as of April 8, Huang Licheng currently holds 10,875 ETH long positions with a total value of $24.29 million, unrealized profit of over $1 million, and a liquidation price of $2,061.19.

How was Maji Brother’s ETH long position in this round built?

After facing a large forced liquidation on March 26, the account had only about $90k left. Huang Licheng immediately deposited $700k into Hyperliquid to top up margin, initiating this round of ETH long deployment. Since then, he has continuously rolled over positions to the current $24.29 million position.

How much loss data did Maji Brother record in Q1 2026?

Analysis data shows Huang Licheng’s Q1 2026 cumulative realized losses are about $75.19 million (about NT$2.4 billion). However, he continues to replenish margin and maintain high-leverage operations, and he has not adjusted his strategy direction despite consecutive losses.