Machi hit 10 liquidations in 8 hours, still holds 1,075 ETH…

Crypto trader Machi (@machibigbrother) has been liquidated 10 times in the span of eight hours on Hyperliquid, with his account balance collapsing to just $52,000. Despite the relentless drawdown, he has not stepped back — instead increasing his long position to 1,075 ETH, worth approximately $1.71 million at current prices.

Why it matters

Machi's trading activity on Hyperliquid has become a live stress test for on-chain perpetuals. Each liquidation event forces the protocol's liquidation engine to absorb the position, and repeated cascades from a single large account can create localized price pressure on ETH perp markets. The new liquidation price sits at $1,560.81 — meaning another ETH leg down of any significance would trigger yet another forced unwind.

Market impact

For ETH traders watching the tape, the $1,560.81 level is now a visible magnet. If spot ETH drifts toward that threshold, the liquidation of a $1.71M long would add sell-side pressure at an already technically sensitive zone. The broader read is a cautionary one: high-conviction leveraged longs in a volatile ETH environment carry compounding liquidation risk, and Machi's account is a real-time illustration of that dynamic playing out.

Source: [Hyperliquid](https://app.hyperliquid.xyz/tradeHistory/0x020ca66c30bec2c4fe3861a94e4db4a498a35872)