Machi Big Brother closes $HYPE, $BTC and $PUMP longs, opens 29,000 $ETH long worth $73.64M on Hyperliquid, per Lookonchain
On-chain account Lookonchain reports that trader Machi Big Brother (@machibigbrother) closed his $HYPE, $BTC and $PUMP long positions to cut losses during a market decline and opened a new long of 29,000 ETH valued at $73.64 million on Hyperliquid. The reported ETH long carries a liquidation price of $2,486.33, and screenshots show 25x cross leverage with an entry price of $2,637.30, unrealized PnL of -$2,839,277.32, and a one-week combined PnL of -$5.68 million. BSCNews also reported that Machi exited his leveraged longs in BTC, HYPE and PUMP at a loss before loading his leverage into the Ethereum perpetual markets.
On-chain account Lookonchain reports that trader Machi Big Brother (@machibigbrother) closed his $HYPE, $BTC and $PUMP long positions to cut losses during a market decline and opened a new long of 29,000 ETH valued at $73.64 million on Hyperliquid. The reported ETH long carries a liquidation price of $2,486.33, and screenshots show 25x cross leverage with an entry price of $2,637.30, unrealized PnL of -$2,839,277.32, and a one-week combined PnL of -$5.68 million. BSCNews also reported that Machi exited his leveraged longs in BTC, HYPE and PUMP at a loss before loading his leverage into the Ethereum perpetual markets.
Key facts
- On-chain account Lookonchain reports that trader Machi Big Brother (@machibigbrother) closed his HYPE, BTC and PUMP long positions to cut losses during a market decline.
- Machi Big Brother's current position is a long of 29,000 ETH valued at $73.64 million, per Lookonchain.
- The ETH long has a liquidation price of $2,486.33, per Lookonchain.
- A Hyperliquid screenshot posted by Lookonchain shows the ETH long at 25x cross leverage with an entry price of $2,637.30 and unrealized PnL of -$2,839,277.32.
- A second screenshot posted by Lookonchain shows the account's one-week combined PnL at -$5.68 million.
- BSCNews reports that Machi exited his leveraged long trades in BTC, HYPE and PUMP at a loss and is now focused on a single 29,000 ETH long worth $73.64 million.
Sources · 2 sources
- BS
BSCN@BSCNewsPost on X ·
Machi is now all in on Ethereum High-volume trader Machi (@machibigbrother) has exited his leveraged long trades in $BTC, $HYPE, and $PUMP at a loss. He is now focusing his resources on a single 29,000 ETH long trade worth $73.64M. On-chain analytics show the whale immediately executed a multi-cryptocurrency risk-management procedure before loading all his leverage into the Ethereum perpetual markets. The new position now has a liquidation price of just $2,486.33. Source: Lookonchain
Open source - LO
Lookonchain@lookonchainPost on X ·
As the market drops, Machi(@machibigbrother) has closed his $HYPE, $BTC, and $PUMP longs to cut losses and is now going all in on $ETH longs. Current position: 29,000 $ETH ($73.64M) Liquidation price: $2,486.33 https://t.co/v6CcvnnYzG https://t.co/rAuCmLhWZj
Open source