PANews reported on November 17th that, according to Onchain Lens, Machi Big Brother (singer Huang Licheng) suffered a complete liquidation of his 25x leveraged long ETH position due to the market downturn, resulting in a loss of approximately $3.6 million. Despite this, Machi subsequently reopened a 25x leveraged long ETH position.

According to statistics, Machi has lost more than $19 million in similar operations, but continues to try to go long on ETH.