According to @EmberCN, a whale moved 3,000,000 USDC into Hyperliquid and built a 25x leveraged short totaling 18,260 ETH over the past 3 hours, with notional around USD 60.56 million (source: @EmberCN). According to @EmberCN, the position’s entry is USD 3,292, spot was USD 3,316 at the time reported, and the liquidation price is USD 3,380, only about USD 60 above spot (source: @EmberCN). According to @EmberCN, the account shows an unrealized loss of roughly USD 440,000, and the liquidation level is very close due to the high leverage (source: @EmberCN).

According to @lookonchain, Machi deposited $1.2M USDC into Hyperliquid and opened a 25x long totaling 4,100 ETH ($12.08M) with a stated liquidation price of $2,698.71, source: @lookonchain. This sets $2,698.71 as the key account liquidation threshold that traders can monitor for risk management on ETH perpetuals, source: @lookonchain.

According to Onchain Lens, Machi (@machibigbrother) deposited $1.2 million USDC into HyperLiquid and opened a 25x leveraged ETH long position. Source: Onchain Lens https://twitter.com/OnchainLens/status/2001078863468847574; Hypertracker https://app.coinmarketman.com/hypertracker/wallet/0x020ca66c30bec2c4fe3861a94e4db4a498a35872 According to Onchain Lens, as the market continued to decline, the new 25x ETH long was completely liquidated. Source: Onchain Lens https://twitter.com/OnchainLens/status/2001078863468847574 According to Onchain Lens, the cumulative loss tied to Machi’s ETH leverage trading now exceeds $22.9 million. Source: Onchain Lens https://twitter.com/OnchainLens/status/2001078863468847574 According to Onchain Lens, this sequence represents large forced long-liquidation flow in ETH perps on HyperLiquid during the downside move, which is directly observable via the provided wallet tracker. Source: Onchain Lens https://twitter.com/OnchainLens/status/2001078863468847574; Hypertracker https://app.coinmarketman.com/hypertracker/wallet/0x020ca66c30bec2c4fe3861a94e4db4a498a35872