According to @lookonchain, the wallet pension-usdt.eth realized $910,000 by closing an ETH short and then opened a 2x long on 20,000 ETH with an estimated notional of $56 million (source: Lookonchain on X, Dec 2, 2025).

According to @EmberCN, at 08:00 local time on Dec 1 a sharp decline flipped Machi’s ETH long from unrealized profit to loss and triggered liquidation (source: @EmberCN). According to @EmberCN, the account reportedly started with a $1.0M deposit, grew to $2.08M via long exposure, and after the morning sell-off now sits at $360K (source: @EmberCN). For traders, this reported forced unwind highlights downside risk for leveraged ETH positions during sudden intraday moves and the need for tighter risk management in fast markets (source: @EmberCN).

According to @lookonchain, wallet 0x0ddf9 opened a 3x short of 1,000 BTC (~$91M) at $89,765.6 on Hyperliquid with a liquidation price of $122,937.28 and current PnL of -$1.16M; the short has roughly a 36.9% adverse-move buffer to liquidation based on the reported figures (source: https://twitter.com/lookonchain/status/1994078808073490898; https://legacy.hyperdash.com/trader/0x0ddf9bae2af4b874b96d287a5ad42eb47138a902). According to @lookonchain, new wallet 0x2c26 opened a 20x long of 563.68 BTC (~$51.4M) at $90,278.7 with a liquidation price of $84,380.05 and current PnL of +$524K; the long has about a 6.5% downside buffer to liquidation based on the reported figures (source: https://twitter.com/lookonchain/status/1994078808073490898; https://legacy.hyperdash.com/trader/0x2c26b98bba32196e05123db5e1469ee88cb67e17). Key liquidation thresholds for these positions are $84,380 on the downside (long) and $122,937 on the upside (short), which are directly taken from the liquidation prices reported by @lookonchain (source: https://twitter.com/lookonchain/status/1994078808073490898).

According to @lookonchain, a newly created wallet 0x9b3b deposited 2.5M USDC to Hyperliquid and opened a 5x long on 15.37M WLFI with $2.46M notional, source: x.com/lookonchain/status/1993872739057447214; hypurrscan.io/address/0x9b3b04662098fad71C1487B40f5dC3f4efF9280c. The position size implies an approximate WLFI entry price of $0.160 and an initial margin near $492,000 at 5x leverage, derived from the reported figures, source: x.com/lookonchain/status/1993872739057447214. The 2.5M USDC deposit exceeds the estimated initial margin by roughly $2.0M based on these numbers, source: x.com/lookonchain/status/1993872739057447214; hypurrscan.io/address/0x9b3b04662098fad71C1487B40f5dC3f4efF9280c.

According to @OnchainLens, trader Machi deposited 499,680 USDC into HyperLiquid and opened leveraged long positions in ETH at 25x and HYPE at 10x, as evidenced by the linked wallet tracker source: Onchain Lens on X; CoinMarketMan HyperTracker app.coinmarketman.com/hypertracker/wallet/0x020ca66c30bec2c4fe3861a94e4db4a498a35872. Based on the reported deposit and leverage, the maximum theoretical exposure if fully margined is approximately 12.49 million USD on ETH at 25x and approximately 4.9968 million USD on HYPE at 10x source: calculation from figures reported by Onchain Lens. @OnchainLens also reports Machi’s cumulative loss at 20.34 million USD, which aligns with the wallet’s PnL shown on the HyperTracker page source: Onchain Lens on X; CoinMarketMan HyperTracker app.coinmarketman.com/hypertracker/wallet/0x020ca66c30bec2c4fe3861a94e4db4a498a35872.

According to @alice_und_bob, they publicly reported being liquidated on Nov 22, 2025, indicating a forced closure of their position. Source: @alice_und_bob on X, Nov 22, 2025. In derivatives and margin trading, liquidation occurs when account equity falls below the maintenance margin and positions are automatically closed to cover losses. Source: CME Group, Futures Margin and Maintenance Margin education. To reduce liquidation risk, traders typically lower leverage, add collateral, and use stop-loss orders while monitoring venue maintenance margin thresholds. Source: Binance Academy, Liquidation and Margin; CFA Institute, Risk Management Basics.

According to @EmberCN, the account nicknamed Maji saw its ETH long liquidated during today’s early downturn; source: https://twitter.com/EmberCN/status/1991661301639311579. According to @EmberCN, the same account then deposited 115,000 USDT and increased its ETH long exposure again; source: https://twitter.com/EmberCN/status/1991661301639311579.

According to @AltcoinDaily, the current focus is studying Cardano’s roadmap (ADA) and leverage trading BNB real‑world assets (RWA), indicating attention to ADA development milestones and BNB RWA activity for trade setups. Source: X/@AltcoinDaily, Nov 15, 2025. Traders tracking ADA should monitor official roadmap and upgrade announcements to align entries with confirmed milestones rather than rumors. Source: Cardano Foundation, Cardano roadmap at cardano.org. Traders tracking BNB exposure to RWAs should follow BNB Chain’s official ecosystem and RWA updates to identify live assets, integrations, and liquidity venues. Source: BNB Chain official blog and ecosystem pages at bnbchain.org. The post includes no price targets, levels, or specific instruments; any positioning should be anchored to verified announcements instead of social sentiment alone. Source: X/@AltcoinDaily, Nov 15, 2025.

According to @EmberCN, the on-chain trader known as Maji chased UNI yesterday morning and was trapped near the top, which dragged down a previously $1.09M unrealized profit on his ETH long. Source: x.com/EmberCN/status/1988413911985778779; hyperbot.network/trader/0x020ca66c30bec2c4fe3861a94e4db4a498a35872 Multiple liquidation rounds since last night hit his ETH and UNI long positions, leaving roughly $190K margin in the address. Source: x.com/EmberCN/status/1988413911985778779; hyperbot.network/trader/0x020ca66c30bec2c4fe3861a94e4db4a498a35872 Since a major liquidation on 10/11, he has traded smaller size and repeatedly topped up several-hundred-thousand-dollar margin, yet still lost another $3.2M over the past month. Source: x.com/EmberCN/status/1988413911985778779; hyperbot.network/trader/0x020ca66c30bec2c4fe3861a94e4db4a498a35872

According to @lookonchain, a market rebound led to trader James Wynn being liquidated 12 times in the last 12 hours and 45 times over the past two months, source: Lookonchain on X on Nov 10, 2025. According to @lookonchain, Wynn had one winning trade but kept adding to the position instead of taking profit and was liquidated again, source: Lookonchain on X on Nov 10, 2025. According to @lookonchain, his account balance is now approximately 6,010 dollars, underscoring repeated liquidation risk for this account during rebounds, source: Lookonchain on X on Nov 10, 2025.

According to @lookonchain, both machismallbrother.eth and @machibigbrother are currently long ETH with similar position sizes, citing on-chain tracking via Hyperdash dashboards hyperdash.info/trader/0xdDc7E50a83710f9c62eFB558bcD0f640314aE2F8 and hyperdash.info/trader/0x020ca66c30bec2c4fe3861a94e4db4a498a35872 and the report on X twitter.com/lookonchain/status/1986479868754993439. According to @lookonchain, @machibigbrother consistently uses maximum leverage, has been repeatedly liquidated, and has accumulated total losses exceeding $15M, as reflected on the Hyperdash PnL page hyperdash.info/trader/0x020ca66c30bec2c4fe3861a94e4db4a498a35872 and the X post twitter.com/lookonchain/status/1986479868754993439. According to @lookonchain, machismallbrother.eth employs moderate leverage and is currently up about $8.5M, corroborated by Hyperdash PnL data hyperdash.info/trader/0xdDc7E50a83710f9c62eFB558bcD0f640314aE2F8 and the X post twitter.com/lookonchain/status/1986479868754993439. According to @lookonchain, the explicit takeaway for traders is to avoid high-leverage gambling trades, based on the observed outcomes in these ETH long positions twitter.com/lookonchain/status/1986479868754993439. According to @lookonchain’s figures ($15M+ loss vs $8.5M+ gain), the performance gap between max leverage and moderate leverage on comparable ETH long sizing exceeds $23.5M, highlighting the material impact of leverage choice on realized PnL as shown by Hyperdash data and the X report hyperdash.info and twitter.com/lookonchain/status/1986479868754993439.

According to @EmberCN, a large Hyperliquid trader won 14 consecutive high-size entries, banking $15.83M, but then lost $44.67M on the 15th trade, wiping out prior profits plus $28.76M principal (source: @EmberCN, hyperbot.network/trader/0xc2a30212a8ddac9e123944d6e29faddce994e5f2). According to @EmberCN, the trader fully closed all positions roughly three hours prior to the report and was left with only $1.40M margin, effectively near zero equity for active perps trading (source: @EmberCN). According to @EmberCN, the reported balances imply an approximate 97% drawdown versus the pre-loss equity of about $44.59M, underscoring how a single uncontained loss can erase multi-trade gains in crypto perpetuals (source: @EmberCN). According to @EmberCN, this case highlights the risk-of-ruin from oversized positions on decentralized perps venues like Hyperliquid, where aggressive exposure can rapidly convert long winning streaks into total capital impairment (source: @EmberCN).

According to @lookonchain, Machi Big Brother reopened a 25x long on 100 ETH with approximately USD 364,000 notional using a remaining balance of USD 16,771. According to @lookonchain, the reported liquidation price for this position is 3,546.43, defining a clear risk level for forced closure. According to @lookonchain, the trader’s PnL has swung from USD 44.84 million in profits to over USD 15 million in losses, underscoring the extreme risk profile. Based on @lookonchain’s reported liquidation level at 3,546.43, traders can track ETH price action around that level for potential liquidation flows and volatility risk.

According to @charlesdhaussy, prediction markets are back on dYdX with support for going long or short and adding leverage, indicating immediate availability for leveraged directional trading. source: https://twitter.com/charlesdhaussy/status/1980990108267589675 The author links to dYdX’s official post on X, signaling an announcement about the return of prediction markets and leverage-enabled positions for users. source: https://x.com/dYdX/status/1980908451938058280

According to @OnchainLens, trader Machi (@machibigbrother) received 220,000 USDC from QCP Capital to increase his existing 25x long position in ETH, according to @OnchainLens. According to @OnchainLens, he also opened a new long position in BTC with 40x leverage, according to @OnchainLens. Wallet source link provided by @OnchainLens: app.coinmarketman.com/hypertracker/wallet/0x020ca66c30bec2c4fe3861a94e4db4a498a35872, according to @OnchainLens.

According to Lookonchain, trader James Wynn (@JamesWynnReal) was liquidated again after opening new positions on the Hyperliquid exchange, with Lookonchain noting that each time he returns to Hyperliquid he is quickly wiped out. Source: Lookonchain on X, x.com/lookonchain/status/1978483470226862479 and x.com/lookonchain/status/1978280993330262297. Lookonchain did not disclose the trading pair, position size, or leverage, only that another forced liquidation occurred on Hyperliquid for this account. Source: Lookonchain on X, x.com/lookonchain/status/1978483470226862479. For traders monitoring exchange-specific liquidation activity, this report documents repeated liquidations for the same trader on Hyperliquid. Source: Lookonchain on X, x.com/lookonchain/status/1978483470226862479.

According to @OnchainLens, James (@JamesWynnReal) deposited 196,859 USDC on HyperLiquid and claimed a 2,819 USDC referral reward to trade perps; source: @OnchainLens on X. He opened long positions in BTC at 40x leverage and in PEPE and HYPE at 10x leverage, with the activity trackable via wallet 0x5078c2fbea2b2ad61bc840bc023e35fce56bedb6 on HyperTracker; source: @OnchainLens on X, CoinMarketMan HyperTracker. Higher leverage materially tightens liquidation buffers under HyperLiquid’s perpetuals rules, increasing position risk at 40x versus 10x; source: HyperLiquid documentation on perpetuals and liquidations.

According to the source, sharp BTC drawdowns are often amplified by forced liquidations on derivatives venues when margin falls below maintenance thresholds, causing exchanges to close positions at market and accelerate downside moves; source: Binance Academy. Liquidation cascades occur as liquidation engines sweep thin order books, pushing price through clustered stops and trigger levels that set off further liquidations in a feedback loop; source: Deribit Insights. In perpetual futures, positive and elevated funding rates alongside rising open interest indicate crowded long positioning and increase the probability of downside liquidation squeezes if price reverses; sources: BitMEX Blog and Glassnode Insights. Traders can monitor open interest, funding rates, and liquidation heatmaps to time entries, de-risk during overheated conditions, and avoid chasing moves into cascade risk; sources: Glassnode and CoinGlass. Practical controls include using lower leverage, isolated margin, pre-defined stop-losses, and sizing for slippage during high-volatility events to reduce forced liquidation risk; source: Kraken Learn Center.

According to @ai_9684xtpa, wallet 0xb9feE4502dE61504E5e6E69faa74Df7f0Ed6d365 deposited 9.5 million USDC to Hyperliquid within the past two hours and opened a 25x long of 18,960.93 ETH, notional about $70.76 million, with entry at $3,717.76 and liquidation at $3,282.87. Source: https://twitter.com/ai_9684xtpa/status/1977207849622081845; https://hyperbot.network/trader/0xb9feE4502dE61504E5e6E69faa74Df7f0Ed6d365 These figures imply roughly an 11.7% downside buffer from entry to liquidation, marking $3,282.87 as the critical margin risk threshold for this high-leverage ETH long. Source: same sources above

According to @ai_9684xtpa, an on-chain whale opened approximately $1.1 billion in leveraged shorts across 10x BTC and 12x ETH, realizing $78.56 million in profit within 17 hours as the market experienced a flash crash. Source: X post by @ai_9684xtpa on 2025-10-11: https://twitter.com/ai_9684xtpa/status/1976802651531886918 Address 0x2ea18c23f72a4b6172c55b411823cdc5335923f4 closed and took profit of $72.31 million; this address previously made $34.93 million on an ETH long on Aug 25. Sources: X post above and on-chain tracker: https://hyperbot.network/trader/0x2ea18c23f72a4b6172c55b411823cdc5335923f4 A second address, 0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae, still holds 821.6 BTC short with about $6.25 million in unrealized profit. Sources: X post above and on-chain tracker: https://hyperbot.network/trader/0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae The post notes uncertainty about the whale’s identity and mentions unverified speculation, with no confirmation provided. Source: X post by @ai_9684xtpa: https://twitter.com/ai_9684xtpa/status/1976802651531886918