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Machi loses $269,000 on ETH, then opens another long seven minutes later

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Machi loses $269,000 on ETH, then opens another long seven minutes later

Hyperliquid force-liquidated 1,650 ETH early on Oct. 15, and the tracked wallet held a new 2,500 ETH long by 13:16 BST.

A Hyperliquid wallet tracked by Lookonchain as belonging to Machi had 1,650 ETH force-liquidated on the derivatives exchange Hyperliquid early on Oct. 15, then began reopening a long about seven minutes after the last forced fill. By 1:16 p.m. BST, the tracked wallet held a new 2,500 ETH position, again betting on higher prices.

Hyperliquid's public data for the wallet records 232 liquidation fills between 3:22:25 a.m. and 3:24:32 a.m. BST. They executed between $2,330.30 and $2,380.30 and recorded approximately $269,225 in realized trading losses, excluding about $1,087 in fill fees.

The liquidation followed substantial voluntary selling. From 2 p.m. BST on Oct. 14 through the last forced fill the following morning, the wallet voluntarily closed another 4,000 ETH, recording approximately $302,312 in realized losses before fees.

The two loss figures cover separate trade categories: 250 ETH of the voluntary closes occurred during the forced-close window.

Buying resumed at 3:31:27 a.m. BST. By 3:56 a.m., the wallet had accumulated a 320 ETH long at an average entry price of about $2,355.53.

By 1:16 p.m. BST, the wallet had rebuilt a 2,500 ETH long at an average entry price of about $2,370.34.

A separate Hyperliquid transaction shows 250,000 USDC arriving at the tracked address's spot balance at 10:48 a.m. BST.

Hyperliquid's liquidation rules explain how funds can remain after a forced close. Positions become eligible for liquidation when equity falls below maintenance margin.


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