Machi's Aggressive Market Play: 10x Leveraged ZEC Position Reveals High-Risk Trading Strategy

nft_widow · 2026-01-21T19:21:58+00:00

Trader Huang Licheng, known as "Machi," has opened highly leveraged positions in ZCash and Ethereum, signaling a bold market bet. His strategies highlight the risks and potential rewards of aggressive trading in volatile conditions.

nft_widow

2026-01-21 19:21:58

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On December 21, on-chain monitoring platform Hy.perinsight caught the attention of the crypto community with a significant development. Huang Licheng, the trader known as “Machi,” has taken a notably aggressive stance by opening a substantial leveraged position. This move signals either exceptional market conviction or a calculated high-risk betting strategy that’s worth examining.

ZEC Position: Maximum Leverage Exposure

According to Hy.perinsight’s monitoring data, Machi established a 10x leveraged long position in ZCash (ZEC), with a notional value of approximately $390,000. The position was opened at an entry price of $439.24. Given ZEC’s current trading levels around $358.26, this position is now significantly underwater—a reflection of the volatile market conditions since the position was opened. The substantial leverage multiplier means that even modest price movements can trigger forced liquidations, making this one of the more daring trades observed in recent weeks.

Concurrent ETH Bet Amplifies Overall Risk Exposure

Beyond the ZEC gamble, Machi is simultaneously maintaining a 25x leveraged long position in Ethereum (ETH), holding 5,200 ETH tokens. This multi-pronged leverage strategy demonstrates either extraordinary confidence in upside potential or exceptional risk tolerance. The combination of two highly leveraged positions across different assets represents a concentrated bet on broader market recovery. With ETH currently trading around $2.92K, the liquidation threshold of approximately $2,789 leaves minimal room for further downside before the position faces automatic unwinding.

What These Positioning Choices Reveal

The simultaneous operation of both positions underscores a key trend among certain sophisticated traders: doubling down on market conviction during volatile periods. Whether Machi emerges from these high-risk positions with profits or realizes significant losses will depend entirely on whether the market validates this aggressive bullish outlook in the coming weeks.

ZEC4,96%

ETH1,3%

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