According to @EmberCN, the on-chain trader known as Maji chased UNI yesterday morning and was trapped near the top, which dragged down a previously $1.09M unrealized profit on his ETH long. Source: x.com/EmberCN/status/1988413911985778779; hyperbot.network/trader/0x020ca66c30bec2c4fe3861a94e4db4a498a35872 Multiple liquidation rounds since last night hit his ETH and UNI long positions, leaving roughly $190K margin in the address. Source: x.com/EmberCN/status/1988413911985778779; hyperbot.network/trader/0x020ca66c30bec2c4fe3861a94e4db4a498a35872 Since a major liquidation on 10/11, he has traded smaller size and repeatedly topped up several-hundred-thousand-dollar margin, yet still lost another $3.2M over the past month. Source: x.com/EmberCN/status/1988413911985778779; hyperbot.network/trader/0x020ca66c30bec2c4fe3861a94e4db4a498a35872

According to @ai_9684xtpa, ZEC surged from 60 USD to 600 USD in about 1.5 months and is now a Top 5 token by open interest on Hyperliquid and a Top 10 token on Binance, source: https://twitter.com/ai_9684xtpa/status/1986752105227686006. The address 0xd47587702a91731Dc1089B5DB0932cF820151A91 holds the largest ZEC short on Hyperliquid and since yesterday added 24,848,000 USDC in margin to avoid liquidation, source: https://twitter.com/ai_9684xtpa/status/1986752105227686006; source: https://hyperbot.network/trader/0xd47587702a91731Dc1089B5DB0932cF820151A91. This ZEC position is 50,370.45 ZEC, valued around 30.77 million USD, with an entry price of 293.03 USD and an unrealized loss of 15.976 million USD, source: https://hyperbot.network/trader/0xd47587702a91731Dc1089B5DB0932cF820151A91. The trader also holds 19 other positions including ETH, HYPE, and SNX, with total portfolio value at 74.53 million USD, source: https://twitter.com/ai_9684xtpa/status/1986752105227686006; source: https://hyperbot.network/trader/0xd47587702a91731Dc1089B5DB0932cF820151A91.

According to @lookonchain, both machismallbrother.eth and @machibigbrother are currently long ETH with similar position sizes, citing on-chain tracking via Hyperdash dashboards hyperdash.info/trader/0xdDc7E50a83710f9c62eFB558bcD0f640314aE2F8 and hyperdash.info/trader/0x020ca66c30bec2c4fe3861a94e4db4a498a35872 and the report on X twitter.com/lookonchain/status/1986479868754993439. According to @lookonchain, @machibigbrother consistently uses maximum leverage, has been repeatedly liquidated, and has accumulated total losses exceeding $15M, as reflected on the Hyperdash PnL page hyperdash.info/trader/0x020ca66c30bec2c4fe3861a94e4db4a498a35872 and the X post twitter.com/lookonchain/status/1986479868754993439. According to @lookonchain, machismallbrother.eth employs moderate leverage and is currently up about $8.5M, corroborated by Hyperdash PnL data hyperdash.info/trader/0xdDc7E50a83710f9c62eFB558bcD0f640314aE2F8 and the X post twitter.com/lookonchain/status/1986479868754993439. According to @lookonchain, the explicit takeaway for traders is to avoid high-leverage gambling trades, based on the observed outcomes in these ETH long positions twitter.com/lookonchain/status/1986479868754993439. According to @lookonchain’s figures ($15M+ loss vs $8.5M+ gain), the performance gap between max leverage and moderate leverage on comparable ETH long sizing exceeds $23.5M, highlighting the material impact of leverage choice on realized PnL as shown by Hyperdash data and the X report hyperdash.info and twitter.com/lookonchain/status/1986479868754993439.

According to @EmberCN, a whale who looped borrowing to go long 1,320 WBTC (~$132M) saw the position move close to its liquidation line after today’s drop, source: @EmberCN. To mitigate liquidation risk, the address sold 465.4 WBTC and 2,686 ETH about two hours ago, receiving $56.52M in stablecoins to repay debt, source: @EmberCN. The average sell prices were $102,722 for WBTC and $3,244 for ETH, source: @EmberCN. The referenced address is 0xc79b6416bd17446f930d32a7b78cf60d35a12be7 as shared via DeBank, source: @EmberCN.

According to @OnchainLens, after a complete liquidation of his prior position, Machi reopened an ETH long with 25x leverage on Nov 4, 2025, indicating a fresh directional bet on ETH perps. Source: @OnchainLens X post. The linked hyperbot.network trader page for address 0x020ca66c30bec2c4fe3861a94e4db4a498a35872 shows an active ETH long with 25x leverage consistent with the update. Source: hyperbot.network trader page.

According to @EmberCN, a primarily long-only trader was liquidated during the Oct 11 drawdown, losing $12.56M in principal and later transferred an additional $2.6M USDT to Hyperliquid to continue going long, source: @EmberCN on X; Hyperbot trader page. According to @EmberCN, after today’s drop the account saw forced liquidation on part of its ETH long and manually cut a HYPE long, leaving only $100K remaining, source: @EmberCN on X; Hyperbot trader page. According to @EmberCN, the account now has roughly $100K margin backing a $3.1M ETH long position, implying about 31x effective leverage based on the reported figures, source: @EmberCN on X; Hyperbot trader page. According to @EmberCN, cumulative principal losses since Oct 11 total $14.92M, underscoring the rapid equity depletion risk in highly leveraged ETH perpetual positions on Hyperliquid, source: @EmberCN on X; Hyperbot trader page.

According to @ai_9684xtpa, Aave looping-long address 0xC26...7869C sold 2,500 ETH (about $9.67M) roughly 8 hours ago to reduce leverage (source: @ai_9684xtpa; on-chain view via DeBank). According to @ai_9684xtpa, the same wallet bought 2,989 ETH between Oct 13 and Oct 27 at an average price of $4,197, implying an estimated realized loss of about $820,000 on this sale (source: @ai_9684xtpa; DeBank). According to @ai_9684xtpa, the address still collateralizes 13,504.56 ETH and has borrowed $37.24M in stablecoins on Aave with a health factor of 1.16 (source: @ai_9684xtpa; DeBank). Positions on Aave become eligible for liquidation when the health factor falls below 1.0, making 1.16 a relatively narrow buffer by protocol design (source: Aave documentation).

According to @PANewsCN, on-chain tracker Onchain Lens reports that Jeffrey Huang (@machibigbrother, Machi) continued adding 25x leveraged ETH long positions even after a liquidation, with cumulative losses across perpetuals and spot now totaling 14.5 million dollars; source: Onchain Lens on X, post 1984092603131031914, Oct 31, 2025; PANews on X, post 1984093251515646246, Oct 31, 2025. At 25x leverage, the initial margin is roughly 4 percent of notional, making such positions susceptible to liquidation on small adverse moves; source: Binance Futures documentation. These on-chain updates indicate concentrated high-leverage ETH exposure by a large trader; source: Onchain Lens on X as cited above.

According to @PANewsCN citing on-chain analyst EmberCN, Huang Licheng was liquidated for $12.56 million of principal during the 10/11 selloff and has since avoided large positions, trading in several-hundred-thousand-dollar sizes over the past two weeks (source: @PANewsCN; EmberCN). According to @PANewsCN, he subsequently transferred a cumulative $1.85 million into Hyperliquid, with only $1.13 million remaining on the monitored address as of the latest update (source: @PANewsCN; EmberCN). According to @PANewsCN, the $1.13 million includes about $680,000 in unrealized profit from current ETH and HYPE long positions, which would be his largest post-10/11 gain if realized (source: @PANewsCN; EmberCN).

According to @OnchainLens, Machi (@machibigbrother) was fully liquidated on a 25x long position in ETH, realizing a $1.57M loss on that trade, source: @OnchainLens. According to @OnchainLens, he reopened an ETH long position with 25x leverage, source: @OnchainLens. According to @OnchainLens, his cumulative performance is now -$13.76M, source: @OnchainLens. Position tracking is available at hyperbot.network/trader/0x020cA66C30beC2c4Fe3861a94E4DB4A498A35872, source: @OnchainLens; hyperbot.network.

According to @boldleonidas, he currently leads the Synthetix trading competition without placing any trades, ahead of participants such as DonAlt and DegenPing. Source: @boldleonidas on X, Oct 22, 2025. According to @boldleonidas, participant Rasmr was fully liquidated on day one, losing the entire $50,000 allocation. Source: @boldleonidas on X, Oct 22, 2025. According to @boldleonidas, the early full liquidation underscores that strict risk controls and patience can outperform high-leverage strategies at the start of trading competitions, a relevant signal for traders monitoring Synthetix perps activity. Source: @boldleonidas on X, Oct 22, 2025.

According to Onchain Lens, James (@JamesWynnReal) was liquidated on a 10x $PEPE long and subsequently opened a 10x $PUMP short, as posted on X on Oct 17, 2025 (source: Onchain Lens on X). Onchain Lens characterized this positioning shift as a potential “classic call to go long on $PUMP” and marked it NFA, citing a CoinMarketMan Hypertracker wallet page for address 0x5078c2fbea2b2ad61bc840bc023e35fce56bedb6 as supporting context (source: Onchain Lens on X; CoinMarketMan Hypertracker).

According to @OnchainLens, both Machi and James were partially liquidated during the market drop, with a 25x long on ETH and a 10x long on PEPE respectively, corroborated by CoinMarketMan Hypertracker for wallets 0x020ca66c30bec2c4fe3861a94e4db4a498a35872 and 0x5078c2fbea2b2ad61bc840bc023e35fce56bedb6, source: Onchain Lens on X and CoinMarketMan Hypertracker. Liquidation mechanics in crypto derivatives force position reductions when margin falls below maintenance levels, which can add sell pressure and intensify short-term volatility, source: Binance Academy. Traders commonly monitor ETH and PEPE perpetual metrics such as funding rates, open interest, and liquidation levels to gauge squeeze and cascade risk during drawdowns, source: Binance Futures education.

According to @PeckShieldAlert, on Oct 17, 2025 a whale wallet 0xbf2b..15bd long on WBTC via Aave was liquidated for 1.50 million USD after BTC fell below 108,000 USD.

According to @lookonchain, James Wynn reopened a 10x long on PEPE after a complete liquidation and was partially liquidated less than 6 hours later, leaving a remaining 39.2M kPEPE position valued at $271K, source: @lookonchain. The back-to-back liquidation events on a 10x PEPE long highlight the high liquidation sensitivity of leveraged PEPE perps to adverse intraday moves, source: @lookonchain. The reported $271K open position indicates ongoing exposure on kPEPE perps that can be subject to additional liquidation if maintenance margin is breached, source: @lookonchain.

According to @OnchainLens, after multiple liquidations, Machi sold 2.02M PNKSTR for 36 ETH worth about $141,000, realizing a $234,000 loss, source: @OnchainLens on X, Oct 17, 2025. He then deposited 47.43 ETH worth about $190,000 into HyperLiquid and sold the ETH to increase his 25x ETH long position, source: @OnchainLens on X, Oct 17, 2025. Over the last 30 days, his realized PnL moved from a $43.6M gain to over a $13M loss, a deterioration of more than $56.6M, based on hyperdash.info data shared by @OnchainLens, source: @OnchainLens on X, Oct 17, 2025.

According to @OnchainLens, after a complete liquidation on a prior PEPE long, the same trader reopened a PEPE long with 10x leverage and was partially liquidated again, with activity tied to address 0x5078c2fbea2b2ad61bc840bc023e35fce56bedb6 as shown on Hypurrscan on Oct 17, 2025. Source: @OnchainLens on X; Hypurrscan. For trading purposes, this confirmed on-chain liquidation sequence provides a concrete reference point of leveraged stress for that address in PEPE markets and can be monitored by traders assessing short-term risk and liquidity around PEPE perps. Source: @OnchainLens on X; Hypurrscan.

According to the source, Coinglass recorded a single $10M BTC/USDT long position on OKX being forcibly liquidated, confirming a whale-sized long was cleared by the exchange risk engine (source: Coinglass). On OKX, liquidation orders are executed into the market by the liquidation engine, which can add immediate sell pressure when large leveraged longs unwind (source: OKX Liquidation Engine documentation). For risk management, traders can track funding rates, open interest changes, and liquidation heatmaps to gauge residual leverage and potential follow-through pressure (source: Coinglass).

According to @EmberCN, an Ethereum whale was fully liquidated during the 10/11 flash crash, realizing a $2.04M loss; source: @EmberCN on X. According to @EmberCN, the whale withdrew $9.5M USDC from Binance on 10/12 to re-enter ETH with a larger long position; source: @EmberCN on X. According to @EmberCN, the address now holds a 18,900 ETH long with an average entry of $3,717 and an estimated position value of about $78M; source: @EmberCN on X. According to @EmberCN, the position currently shows approximately $7.5M in unrealized profit following ETH’s rebound; source: @EmberCN on X. On-chain tracking for the wallet is provided at hyperbot.network/trader/0xb9fee4502de61504e5e6e69faa74df7f0ed6d365; source: HyperBot via @EmberCN.

According to Onchain Lens, trader Machi (@machibigbrother) was partially liquidated again on a 25x ETH long, realizing a $390K loss. According to Onchain Lens, the position still shows a floating loss of $361K and is only $57 away from additional liquidation. According to Onchain Lens, he also closed BTC and ASTER long positions at a combined $121K loss. According to Onchain Lens, these figures are based on the CoinMarketMan HyperTracker view of wallet 0x020c...5872, highlighting immediate liquidation proximity on the ETH position that traders are monitoring.