On-chain analyst Ember said Machi’s ETH long positions were fully liquidated earlier in the day after a price drop tied to the Binance theft incident. Later in the afternoon, Machi deposited another 250,000 USDC and resumed going long. The new positions are worth about $5.88 million and span ETH, HYPE, and BTC. Ember noted that the ETH leg carries relatively high leverage, with a liquidation price of $2,161, which is $86 away from the current market price. The analyst also said Machi has been trading heavily on Hyperliquid for nearly a year and a half. Over that period, total trading volume reached $15.86 billion, while cumulative losses stood at $37.05 million. The update points to continued high-risk positioning shortly after a full wipeout of the earlier ETH long.
Odaily reported that on-chain analyst Ember said Machi’s ETH long positions were fully liquidated earlier in the day after a market drop triggered by the Binance theft incident.
Later in the afternoon, Machi deposited another 250,000 USDC and continued to go long. The new positions are valued at $5.88 million and include ETH, HYPE, and BTC.
According to Ember, the ETH position is using relatively high leverage. Its liquidation price is $2,161, or $86 away from the current price.
Ember also said Machi has been trading intensively on Hyperliquid for nearly a year and a half, generating $15.86 billion in volume and cumulative losses of $37.05 million.
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