Update
Machi Wallet Restores ETH Long Position After Liquidation
A wallet linked to Machi by Lookonchain began reopening a long ETH position seven minutes after a $269,000 liquidation loss on the derivatives exchange Hyperliquid. By 1:16 p.m. BST on October 15, the wallet held a new 2,500 ETH long position, betting on higher prices. The wallet had previously voluntarily closed 4,000 ETH, recording $302,312 in realized losses before fees. The wallet's long position was restored after the liquidation, with the ETH long position now at an average entry price of about $2,370.34.