According to Lookonchain, a trader deposited 3M USDC into Hyperliquid before opening large short positions, source: Lookonchain on X Jan 16, 2026 https://twitter.com/lookonchain/status/2011990361208709367. The account used maximum leverage to short 18,261 ETH valued at 60.32M dollars and 1,845 XMR valued at 1.27M dollars, source: Lookonchain on X Jan 16, 2026 https://twitter.com/lookonchain/status/2011990361208709367. The ETH short has a liquidation price at 3,380 dollars, marking a key risk level for this position, source: Lookonchain on X Jan 16, 2026 https://twitter.com/lookonchain/status/2011990361208709367; position details: Hyperliquid dashboard https://legacy.hyperdash.com/trader/0xD83516572789F1c782C8298eFce58a5600318Fd7.

According to Lookonchain, Machi (@machibigbrother) was partially liquidated as the market dropped and still holds a 3,300 ETH long worth about $9.4M with a new liquidation price of $2,831.58 (source: Lookonchain on X, Dec 1, 2025). The figures imply an average position value near $2,848 per ETH, with the reported $2,831.58 liquidation level defining the immediate risk threshold for this position (source: Lookonchain on X, Dec 1, 2025).