Trader Huang Licheng, known as “Maji,” saw his 13-game winning streak come to an end on April 12 after closing a long Bitcoin position at a roughly $192,000 loss, according to Lookonchain monitoring data cited by BlockBeats.
Maji’s 13-Game Winning Streak Ended on April 12
The streak-ending trade was flagged on April 12 by on-chain analytics provider Lookonchain. According to unconfirmed reports relayed through BlockBeats, Maji closed a Bitcoin long position during a market decline, realizing an approximate $192,000 loss that snapped a run of 13 consecutive profitable trades.
Just two days earlier, on April 10, Gate News reported, citing Lookonchain, that Huang Licheng had logged 13 consecutive profitable trades over the prior week, generating $1.14 million in profit with no liquidation records for 10 consecutive days.
Verified Winning Streak
13
The same Gate News report noted that Huang Licheng’s prior accumulated losses exceeded $30.35 million, putting the 13-win streak and its $1.14 million gain into sharp perspective against a much larger drawdown history.
Why the Bitcoin Long Closed at a Loss
The position that broke the streak was a long Bitcoin trade closed during a broader market decline. Bitcoin was trading at $71,816, down approximately 1.71% over 24 hours at the time of the research snapshot, creating unfavorable conditions for leveraged long exposure.
Bitcoin Spot Context
$71,816
The broader derivatives market has been punishing leveraged longs in recent weeks. On April 2, crypto liquidations reached $456.19 million, with $287 million coming from long positions and $169 million from shorts. BTC alone accounted for $57.17 million in liquidations during that wave.
Maji has a documented history of closing BTC positions at a loss. In a separate earlier instance reported by KuCoin, he opened an 11 BTC long at approximately $92,858, with a total position value of about $1,017,000, then closed the full position for an approximately $22,000 loss. That same report noted his remaining ETH long was valued at $40.83 million with a floating loss of $1.22 million and a liquidation price of $3,110, leaving only 0.73% room before full liquidation.
What the Loss Means for Maji’s Trading Narrative
The 13-win streak had briefly shifted the narrative around Huang Licheng from a trader known for massive cumulative losses to one on a disciplined hot run. The $192,000 loss, while modest compared to his historical drawdowns exceeding $30.35 million, resets that momentum.
On-chain watchers had been closely tracking Maji’s activity on Hyperliquid, where his high-leverage positions regularly draw attention. The contrast between a $1.14 million streak profit and a single trade that erased roughly 17% of those gains illustrates how quickly leveraged trading narratives can reverse.
The current market sentiment reinforces the fragility of directional bets. The Fear & Greed Index stood at 16, classified as “Extreme Fear,” suggesting that broader market conditions remain hostile to leveraged long positions. Similar conditions have recently driven large-scale liquidation risk on major exchanges.
What Traders Can Take Away From This Bitcoin Position
Even a trader riding 13 consecutive wins can be caught by a sudden Bitcoin decline. The streak generated $1.14 million, but one losing trade in the wrong direction during a selloff erased a meaningful portion of those gains.
The April 2 liquidation data, showing $287 million in long liquidations against $169 million in shorts, confirms that the market has been structurally punishing bullish leverage. The environment that enabled large institutional Bitcoin holders to ride positions through volatility has been far less forgiving for leveraged individual traders.
Maji’s cumulative loss history of over $30.35 million, combined with a streak that produced $1.14 million before ending with a $192,000 setback, underscores the asymmetry of leveraged crypto trading. The winning streak drew attention precisely because it was unusual against a backdrop of sustained losses.
FAQ: Maji, the Bitcoin Long, and the $192K Loss
Who reported that Maji’s winning streak ended?
BlockBeats cited Lookonchain monitoring data on April 12 to flag the end of the streak. The original 13-win streak was separately reported by Gate News on April 10, also citing Lookonchain.
How much did Maji lose on the trade?
The reported loss was approximately $192,000 on a long Bitcoin position that was closed during a market decline. This figure comes from a single unconfirmed source and has not been independently verified through on-chain explorer data.
What position did Maji close?
The closed position was a long Bitcoin trade, meaning Maji was betting on BTC price appreciation. The exact entry price, leverage ratio, and position size for this specific trade have not been confirmed in available sources.
Why does this matter to Bitcoin traders?
Maji is one of the most-watched on-chain traders due to his large position sizes and cumulative loss history exceeding $30.35 million. His trades are frequently cited as barometers of leveraged sentiment on platforms like Hyperliquid, and his streak reversal coincides with broader derivatives market stress reflected in recent liquidation waves.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
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