According to @OnchainLens, over the past three days a whale deposited $23M USDC into HyperLiquid to avoid liquidation on a 20x BTC short position valued at $249M. Source: Onchain Lens on X. The position currently shows a $21.5M unrealized loss but has received $7M in funding payments during the market rebound. Source: Onchain Lens on X. The position reference and wallet tracking are cited via the CoinMarketMan HyperTracker page mentioned by @OnchainLens. Source: CoinMarketMan HyperTracker.

According to @milesdeutscher, only use perps when you need capital efficiency or when you are hedging or farming; otherwise, stick to spot for cleaner carry. Source: @milesdeutscher on X, Sep 29, 2025. He warns that if you plan to hold a position for more than a week, especially a consensus trade, funding will erode returns on perps, making spot more cost-effective for swing holds. Source: @milesdeutscher on X, Sep 29, 2025. He adds that roughly 90% of perp setups should be long continuation or strength trades, highlighting how perps fit best with momentum rather than slow, crowded swings. Source: @milesdeutscher on X, Sep 29, 2025. He emphasizes spot’s no-liquidation benefit, noting it’s easier to sleep at night versus the liquidation risk embedded in leveraged perps; he is not anti-perps, but says they require a real edge and should not replace spot without a good reason. Source: @milesdeutscher on X, Sep 29, 2025.

According to @ai_9684xtpa on X and hyperbot.network/trader/0x4016F161F022CBEb49B2932cb0bC9C92ded5ACb6, on-chain address 0x4016...5ACb6 shows roughly USD 984,000 in unrealized losses across five open positions. According to @ai_9684xtpa on X and hyperbot.network/trader/0x4016F161F022CBEb49B2932cb0bC9C92ded5ACb6, PUMP records the largest drawdown at about USD 488,000. According to @ai_9684xtpa on X and hyperbot.network/trader/0x4016F161F022CBEb49B2932cb0bC9C92ded5ACb6, the account’s cumulative profit has narrowed to approximately USD 6.862 million. According to @ai_9684xtpa on X and hyperbot.network/trader/0x4016F161F022CBEb49B2932cb0bC9C92ded5ACb6, all five positions are currently in the red after the wallet opened longs following a public short call, yet margin remains ample and the positions are far from liquidation.

According to @lookonchain, Machi Big Brother’s long positions in ETH and PUMP show unrealized losses exceeding $21.77M amid the market drop, and he deposited $4.72M USDC into Hyperliquid over the past two hours to avoid liquidation (source: Lookonchain post on X dated Sep 25, 2025). The wallet and position context referenced by @lookonchain point to trader address 0x020ca66c30bec2c4fe3861a94e4db4a498a35872 on Hyperdash, corroborating the monitoring of this account’s margin actions (source: Hyperdash trader analytics for address 0x020ca66c30bec2c4fe3861a94e4db4a498a35872).

According to @ai_9684xtpa, Aster has enabled up to 300x leverage to long or short HYPE at the community’s request, indicating aggressive leveraged access for this token (source: @ai_9684xtpa on X, Sep 22, 2025). At 300x, even sub-1% adverse price moves can trigger liquidation without additional margin buffers, highlighting extreme risk for retail participants (source: Binance Academy, Leverage and Margin basics; CFTC Customer Advisory on leverage risk). Traders should monitor HYPE funding rates, open interest, and order book depth; elevated funding with rising open interest and thin liquidity can precede liquidation cascades and heightened slippage (source: Binance Academy, Perpetual Futures Funding Rates; CME Group education on Open Interest). Risk controls such as isolated margin, smaller position sizes, and hard stop-losses are prudent, as regulators warn leverage can cause rapid, total loss of funds (source: CFTC Customer Advisory on Virtual Currency Trading Risk).

According to Adrian (@adriannewman21), using leverage on crypto perpetual futures only makes sense in a regulated, efficient market or if one has insider access, highlighting elevated risk for retail traders in current market conditions. Source: Adrian (@adriannewman21), X, Sep 22, 2025. He states crypto remains highly unregulated and claims tokens such as $ASTER are controlled by insiders, making leveraged shorts especially vulnerable to rapid liquidations. Source: Adrian (@adriannewman21), X, Sep 22, 2025. He adds that most retail participants are not insiders, implying that degen-style perp leverage is misaligned with the actual information edge most traders possess. Source: Adrian (@adriannewman21), X, Sep 22, 2025.

According to @AltcoinGordon, he intends to short the top of $ASTER, asserting that what goes up must come down and warning that longs risk liquidation on a reversal. source: @AltcoinGordon on X, Sep 20, 2025 He states he expects to profit by fading strength at local highs, signaling a near-term bearish trading bias toward $ASTER. source: @AltcoinGordon on X, Sep 20, 2025 This post highlights a resistance-fade setup and cautions traders about crowding risk on the long side if momentum stalls. source: @AltcoinGordon on X, Sep 20, 2025

According to the source, altcoin perpetuals leverage has surged ahead of this week’s FOMC rate decision, and elevated leverage tends to magnify liquidation cascades during macro events, source: the source; Kaiko research. The Federal Reserve’s policy decision is scheduled this week and is the key macro catalyst crypto traders are positioning around, source: Federal Reserve; CME FedWatch. Traders should monitor funding rates, open interest, and liquidation heatmaps into the announcement because positive funding plus high OI have historically preceded larger intraday wicks in altcoins, source: Binance Research; CoinGlass. Common positioning adjustments into binary macro events include trimming net leverage, using protective stops, and hedging with options to cap downside tails, source: Deribit Insights; CME options education.

According to Phantom, margin management is now live on Phantom Perps, allowing traders to add margin to reduce liquidation risk and remove margin to free up capital; source: Phantom on X, Sep 15, 2025. This release gives users more control over position risk and capital efficiency directly within Phantom Perps; source: Phantom on X, Sep 15, 2025.

According to Lookonchain, wallet 0x5D2F is down over 8.6 million dollars on short positions in BTC and ETH as the market rebounded, source: Lookonchain on X, Sep 12, 2025. Lookonchain reports the whale deposited 8 million USDC to increase margin to avoid liquidation, source: Lookonchain on X; on-chain reference via Hypurrscan address 0x5D2F4460Ac3514AdA79f5D9838916E508Ab39Bb7 at hypurrscan.io/address/0x5D2F4460Ac3514AdA79f5D9838916E508Ab39Bb7. Current short exposure is 2,041 BTC approximately 236 million dollars notional and 500 ETH approximately 2.25 million dollars notional, source: Lookonchain on X.

According to @lookonchain, BTC rebounded above $116,000 as address 0xa523 sold 152 ETH (~$679,000) to add margin and closed part of his BTC short positions at a loss, to avoid liquidation (source: @lookonchain on X). According to @lookonchain, this trader has lost over $43.4 million in the past month and now ranks as the biggest loser on Hyperliquid, surpassing @AguilaTrades, @qwatio, and @JamesWynnReal (source: @lookonchain on X; trader data referenced via Hyperdash).

According to @lookonchain, wallet 0x6636 went long roughly seven hours earlier with 540 BTC at 40x ($60M), 114,984 SOL at 20x ($24.86M), and 868,196 SUI at 10x ($3M). Source: Lookonchain on X, Sep 10, 2025; Hypurrscan address 0x66362B929C1a9AaF14c51aaB9B455ad7fb8268c4. Total reported long notional equals approximately $87.86M across BTC, SOL, and SUI. Source: Lookonchain on X, Sep 10, 2025. Exposure is concentrated in BTC (~68.3% of total), followed by SOL (~28.3%) and SUI (~3.4%) based on the reported notionals. Source: Lookonchain on X, Sep 10, 2025. Leveraged longs are highly sensitive to price moves and can be rapidly liquidated if markets reverse, a known characteristic of crypto leverage. Source: Binance Academy, What Is Leverage in Crypto.

According to @CoinbaseIntExch, Coinbase International Exchange has raised the maximum leverage on its perpetual futures to 50x, up from the prior 20x cap. Source: Coinbase International Exchange on X, Sep 3, 2025. At 50x leverage, initial margin is approximately 2 percent of notional exposure by the definition of leverage, so a 2 percent adverse price move can fully consume initial margin before fees and maintenance margin, increasing liquidation sensitivity. Sources: Investopedia leverage and margin basics, CME Group futures margin overview. Traders should review the venue’s margin tiers, maintenance margin and liquidation procedures before using 50x and adjust position sizing and stop loss rules accordingly. Source: Coinbase International Exchange platform disclosures.

According to @EmberCN, on Aug 27 the trader @Techno_Revenant allegedly profited $38.77M from XPL liquidation activity and then continued to build 1x XPL long exposure via 15+ addresses on Hyperliquid (source: @EmberCN, Sep 3, 2025). According to @EmberCN, over 70% of XPL long positions on Hyperliquid are attributed to this trader (source: @EmberCN, Sep 3, 2025). According to @EmberCN, the XPL long now totals 38.17M XPL valued around $26M and has shifted from roughly $10M unrealized profit to an unrealized loss amid the recent pullback (source: @EmberCN, Sep 3, 2025). According to @EmberCN, this outsized positioning concentration may make Hyperliquid’s XPL market highly sensitive to that participant’s actions, so traders should monitor open interest concentration, funding rates, and potential liquidation levels on Hyperliquid XPL (source: @EmberCN, Sep 3, 2025).

According to @rovercrc, approximately 8,000,000,000 US dollars in ETH short positions could be liquidated if Ethereum sets new all-time highs, source: @rovercrc on X dated Sep 3, 2025. ETH’s previous all-time high was about 4,867 US dollars on Nov 10, 2021, which many traders use as a reference level for potential stop and liquidation clustering, source: CoinMarketCap market data. Short squeezes in crypto derivatives can accelerate when price breaks key highs because margin calls and forced buybacks close short positions, source: Binance Academy derivatives education. To validate the size and location of any potential liquidation pool, traders typically monitor exchange-wide short open interest and liquidation heatmaps from data providers, source: Coinglass and Laevitas. The claim in the post is not accompanied by underlying data and should be cross-checked against real-time open interest, funding, and leverage metrics before trading, source: @rovercrc on X and Binance Academy risk management guidance.

According to @OnchainLens, James Wynn has opened a 25x leveraged long position on ETH, indicating active high-leverage exposure by this account. Source: @OnchainLens (X post, Sep 2, 2025). At 25x leverage, an adverse price move of roughly 4% can exhaust margin and trigger liquidation under common perpetual futures mechanics, underscoring elevated risk for traders tracking this signal. Source: Binance Futures educational materials on leverage and liquidation.

According to @EmberCN, trader @Techno_Revenant realized approximately $38.77 million in profit from XPL liquidations on Hyperliquid, identifying the account behind the gain; source: @EmberCN on X, Aug 29, 2025. The reported payout indicates a major liquidation event in Hyperliquid’s XPL market, signaling elevated short-term volatility and liquidity risk for XPL perpetual positions; source: @EmberCN on X, Aug 29, 2025. Under Hyperliquid’s documented liquidation mechanics, severe price dislocations can widen spreads and transfer sizable value to liquidators during cascade events, warranting tighter risk controls; source: Hyperliquid documentation.

According to @EricCryptoman, $BAZED is adding 1000x futures and multiple new features while the token sits near a $3.5M market cap. Source: @EricCryptoman on X, Aug 28, 2025. High-leverage products can materially increase liquidation risk and short-term price swings in crypto markets, which traders should factor into position sizing and risk controls. Source: U.S. CFTC Customer Advisory on virtual currency trading (2018) and Binance Academy, What Is Leverage in Crypto. Before taking exposure, verify the actual futures rollout timeline, contract specifications, margin parameters, and platform risk controls to assess liquidity depth and execution risk. Source: U.S. CFTC education on leverage and margin and Customer Advisory (2018).

According to @ai_9684xtpa, a trader running a 25x ETH long lost $72,000 overnight after ETH spiked to $4,664 and then retreated this morning, with account equity now at $58,000, source: @ai_9684xtpa on X, Aug 28, 2025. The trader was forced to trim positions in batches to avoid liquidation but still holds a $1.79 million notional 25x ETH long, source: @ai_9684xtpa on X, Aug 28, 2025. Due to limited margin, the trader is rolling positions, leaving an extremely narrow liquidation buffer, source: @ai_9684xtpa on X, Aug 28, 2025.

According to Lookonchain, whales shorting XPL on Hyperliquid deposited large amounts of USDC to avoid liquidation amid alleged manipulation, posted on Aug 27, 2025 (Lookonchain). According to Lookonchain, address 0x142a deposited 44M USDC and address 0x0Aa9 deposited 29M USDC, totaling 73M USDC in added margin (Lookonchain). According to Lookonchain, this activity signals sizable short exposure in XPL on Hyperliquid and active liquidation risk management by large traders (Lookonchain).