According to Onchain Lens, as the market declined, Machi faced partial liquidation and closed a 25x long ETH position. According to Onchain Lens, he still holds 3,300 ETH worth about $9.5M. According to Onchain Lens, the position is only $20 away from the next liquidation threshold. According to Onchain Lens, cumulative losses now exceed $20.89M and the wallet details are referenced via the Hypertracker page.

According to @ai_9684xtpa on Twitter, Bitcoin briefly surged above $108,000, bringing a major Hyperliquid trader within $500 of their liquidation price. The trader, known for large leveraged positions, has not added margin but has started to reduce exposure through small-scale position unwinding. This high-stakes scenario signals increased liquidation risk and short-term volatility for BTC traders, with potential ripple effects on derivatives markets and overall market sentiment (source: @ai_9684xtpa, May 21, 2025).