In the fast-paced world of cryptocurrency trading, even seasoned whales like Machi Big Brother aren't immune to market corrections. A recent post from OnchainLens on X shed light on how Machi (@machibigbrother) faced partial liquidations on his highly leveraged long positions in ETH and HYPE, bringing his combined spot and perpetuals holdings down to $14.85M.

For those new to the lingo, a "long position" means betting that the price of an asset will go up. Leverage amplifies this bet—25x on ETH and 10x on HYPE in this case—allowing traders to control larger positions with less capital, but it also magnifies losses if the market moves against them. Liquidation happens when the position's value drops too low to cover the borrowed funds, forcing the platform to close it out to prevent further losses.

The data comes from Hyperliquid, a decentralized perpetuals exchange (perp DEX) where traders can engage in leveraged trading without traditional intermediaries. Machi's wallet address, 0x020ca66c30bec2c4fe3861a94e4db4a498a35872, shows the brutal reality of the recent downtrend.

Looking at the trade history, you can see multiple "Market Order Liquidation: Close Long" entries for HYPE and ETH, with significant negative PnL (profit and loss) figures. For instance, one HYPE liquidation alone resulted in a loss of over $7.2 million. This isn't just pocket change; it's a stark reminder of the risks in leveraged trading, especially during volatile periods.

The dashboard paints an even clearer picture: Machi's perp total value sits at around $6.33M, but the all-time PnL is deep in the red at -$14.8M. The chart shows a sharp decline in recent days, aligning with broader market pressures on major assets like ETH and emerging tokens like HYPE, which is the native token of the Hyperliquid network.

One reply from Copin Analyzer (@Copin_io) adds more context: "Poor dude had to make daily deposits into his Hyperliquid account to defend the long positions. Still got liquidated.." This highlights the desperation measures traders sometimes take—pumping in fresh capital to maintain margins—but even that wasn't enough here.

The deposit log reveals frequent top-ups, like $100,000 on November 2, 2025, likely to stave off full liquidation. Yet, as the market continued its slide, partial closures were inevitable.

While HYPE isn't strictly a meme token, its association with Hyperliquid—a platform popular for trading volatile assets, including memes—makes this event relevant for meme enthusiasts. Platforms like Hyperliquid often host perps on pump.fun launches and other hype-driven tokens, so whale movements can signal broader trends.

If you're trading memes or any crypto, stories like this underscore the importance of risk management. High leverage can lead to massive gains, but as Machi's case shows, it can also wipe out positions quickly. Keep an eye on market sentiment, use stop-losses, and never risk more than you can afford to lose.

For the full thread and community reactions, check out the original post on X. Stay tuned to Meme Insider for more on-chain insights and meme token updates.