Hupzy (Spot On Chain)|Jul 24, 2026 17:03
๐จ Machi Big Brother liquidated for $๐ฎ๐ this morning, bringing cumulative on-chain perp losses to $๐ด๐ฌ.๐ณ๐ด๐ since last year. To shore up collateral, Machi sold another Bored Ape NFT for ~$๐ญ๐ฒ,๐ฌ๐ฌ๐ฌ โ a fraction of collection floor value.
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: A labeled whale with $80M+ in cumulative perp losses and repeated liquidations is a sustained forced-selling signal. The Bored Ape fire-sale at $16K shows collateral is being liquidated across asset classes โ NFTs, not just perps โ adding structural selling pressure to adjacent markets. Watch whether Machi's remaining collateral gets liquidated in coming days, which could trigger cascading sell pressure. The pattern suggests involuntary unwinding, not managed risk.
Track entity: https://arkm.com/explorer/entity/machibigbrother
source: arkham
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