Ethereum · CryptoSlate
Machi drops $269,000 on ETH, then opens another long seven minutes later
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
A Hyperliquid wallet tracked by Lookonchain as belonging to Machi had 1,650 ETH force-liquidated on the derivatives exchange Hyperliquid early on Oct. 15, then began reopening a long about seven minutes after the last forced fill.
Key facts
- CryptoSlate had previously reported on Machi's position risk in August, describing an Aug. 14 snapshot with a 2,500 ETH long and a $1,859.15 liquidation price
- BST, the wallet had rebuilt a 2,500 ETH long at an average entry price of about $2,370.34
- A separate Hyperliquid transaction shows 250,000 USDC arriving at the tracked address's spot balance at 10:48 a.m
- Farside's Oct. 14 data showed net outflows of $261.4 million from US spot Bitcoin ETFs
Summary
01 Machi's tracked wallet had 1,650 ETH force-liquidated across 232 fills, recording about $269,225 in losses before fees. 02 The first new long began 6 minutes 55 seconds after the last forced fill, initially building to 320 ETH. 03 By 13:16 BST, the wallet had rebuilt a 2,500 ETH long at an average entry near $2,370.34. Hyperliquid's public data for the wallet records 232 liquidation fills between 3:22:25 a.m. and 3:24:32 a.m.