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.