Lookonchain
Prominent Hyperliquid trader Machi (@machibigbrother) has now been liquidated ten times in the last eight hours, with his account balance compressed to roughly $52,000. The cluster of forced unwinds hit during a volatile stretch for ETH, where thin liquidity and leveraged positioning on the perpetuals venue magnified short-term price swings.
Why it matters
Machi is one of the most-watched individual accounts on Hyperliquid, and ten liquidations in a single session is an outlier even by his standards. Liquidations on perps venues cascade: each forced close adds selling pressure that can trip the next trader's margin threshold, particularly when multiple wallets hold the same directional bet. The fact that his account is being repeatedly wiped yet rebuilt each time suggests deep-pocketed backing — or conviction stubborn enough to override repeated realized losses.
Market impact
After the latest wipeout, Machi increased his long position to 1,075 ETH (roughly $1.71M notional), with a new liquidation price of $1,560.81 — materially below the current ETH print. That entry point leaves meaningful room before another forced close, but also concentrates risk at a single level: a retest of that price would trigger yet another unwind on a venue where his trades are publicly visible and copy-traded. ETH traders watching Hyperliquid order books will treat the $1,560 line as a near-term magnet for the next several hours.
Source: [Hyperliquid](https://app.hyperliquid.xyz/tradeHistory/0x020ca66c30bec2c4fe3861a94e4db4a498a35872)
Frequently asked questions
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Who is Machi (@machibigbrother)?
Machi is a prominent individual trader widely tracked on Hyperliquid, known for large leveraged ETH perpetual positions and a willingness to add back into losing trades. His account is publicly visible on the venue, making his liquidations a copy-trading signal.
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Why are 10 liquidations in 8 hours notable?
The cadence is an outlier even by Machi's standards. Clustered liquidations on a perpetuals venue cascade, adding selling pressure that can trip other leveraged wallets holding the same directional bias.
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What is Machi's new liquidation price?
$1,560.81, set after he increased his long to 1,075 ETH (~$1.71M notional) following the latest wipeout. That price sits materially below the current ETH print.
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Why does his liquidation price matter for other ETH traders?
On Hyperliquid his positions are publicly visible and heavily copy-traded. A retest of $1,560.81 could trigger another forced unwind on the venue, with cascading margin calls on wallets holding the same directional bet.
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What is Hyperliquid?
Hyperliquid is a fully onchain, non-custodial perpetuals and spot exchange offering 300+ markets, 24/7. Its transparent order book and visible wallet positions make large individual traders like Machi a focal point for the broader crypto-trading community.
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