Hupzy (Spot On Chain)|Oct 08, 2026 14:30
๐จ Machi's Hyperliquid book collapsed from $๐ญ๐ฎ๐ ๐๐ผ $๐ฎ๐ in equity as BTC and ETH fell 5%+. Three longs stop-lossed, leaving a single ETH long at $๐ฎ,๐ฐ๐ณ๐ญ liquidation โ just $40 from current price.
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: Textbook forced deleveraging. Machi capitulated on HYPE, PUMP, and BTC longs, rotated into one last ETH long, and now sits $40 from liquidation. If ETH dips another ~1.6%, a ~$2M long gets forcibly closed, adding to sell pressure. The broader 5%+ drop is already squeezing leveraged longs across Hyperliquid.
Position verifiable on Hypurrscan: https://hypurrscan.io/address/0x020ca66c30bec2c4fe3861a94e4db4a498a35872#perps
source: EmberCN
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