Machi is selling NFTs at a loss to defend a $𝟵.𝟯𝟴𝗠 𝗘𝗧𝗛 𝗹𝗼𝗻𝗴 on Hyperliquid — his liquidation price sits just $𝟮𝟬 below the current ETH price. He sold Bored Ape #251 at a 6.99 ETH loss ($12.4K) to raise margin for a 5,264 ETH long with liquidation at $𝟭,𝟳𝟱𝟲.𝟳𝟲, only ~1.1% under ETH's $1,777. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: This is high-stakes margin stress. Machi is liquidating other assets to defend a position that's dangerously close to forced selling. A 5,264 ETH liquidation would add significant sell pressure to an already weak ETH market. This follows the 4-year whale capitulation seen earlier today — multiple long-term holders are exiting simultaneously, a pattern that often precedes local bottoms but carries immediate downside risk. Watch the $1,756 level; a breach could cascade. https://hypurrscan.io/address/0x020cA66C30beC2c4Fe3861a94E4DB4A498A35872#perps source: lookonchain Track real-time signals & trade → https://hupzy.com/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=1362(Hupzy (Spot On Chain))