Jeffrey Huang winds down 18-month ETH long after $37.46M in losses

Taiwanese singer Jeffrey Huang, known as Machi Big Brother, has effectively wrapped up an 18-month Ethereum long-trading run, EmberCN reported. Since May 2025, Huang had opened high-leverage long positions on Hyperliquid almost daily, posting cumulative losses of $37.46 million. Yesterday morning, Huang also sold six BAYC NFTs to cover collateral after a forced liquidation. Huang has meanwhile deposited the remaining funds into perpetual futures DEX Papertrade.