Machi loses $269,000 on ETH, then opens another long seven minutes later

A Hyperliquid wallet tracked by Lookonchain as belonging to Machi had 1,650 ETH force-liquidated on the derivatives exchange Hyperliquid early on Oct. 15, then began reopening a long about seven minutes after the last forced fill. By 1:16 p.m. BST, the tracked wallet held a new 2,500 ETH position, again betting on higher prices. Hyperliquid's public data for the wallet records 232 liquidation fills between 3:22:25 a.m. and 3:24:32 a.m. BST. They executed between $2,330.30 and $2,380.30 and recorded approximately $269,225 in realized trading losses, excluding about $1,087 in fill fees. The liquidation followed substantial voluntary selling. From 2 p.m. BST on Oct. 14 through the last forced fill the following morning, the wallet voluntarily closed another 4,000 ETH, recording approximately $302,312 in realized losses before fees.

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