Machi: Closes HYPE BTC Longs for $73M ETH Position

Machi Big Brother closed his $HYPE, $BTC and $PUMP longs to cut losses and shifted into a 29,000 $ETH long worth $73.64 million with liquidation at $2,486.33 as broader markets fell.

Price sits at $2516.89 inside the Bollinger band with upper resistance at $2782.26 and lower support at $2494.18 while EMA50 at $2653.9 and EMA200 at $2602.6 define the bearish structure; the MACD death cross at -42.36 confirms trend weakness yet RSI at 21.65 signals oversold conditions that often precede short-covering bounces toward the 50-EMA before any continuation lower in this Ethereum perpetual futures liquidation setup.