Machi loses $269,000 on ETH, then opens another long seven minutes later
Summary
A Hyperliquid wallet tracked as belonging to Machi had 1,650 ETH force-liquidated on Oct. 15, realizing about $269,225 in losses before fees. The wallet had also voluntarily closed another 4,000 ETH, losing about $302,312. It resumed buying within minutes and rebuilt its long position to 2,500 ETH by 1:16 p.m. BST, at an average entry of roughly $2,370.34. A 250,000 USDC deposit arrived at the wallet earlier that day. Hyperliquid’s rules allow traders to retain collateral after a liquidation if forced sales restore the required margin.
