Machi(@machibigbrother) just got fully liquidated — his account is down to only $15,538, with total losses exceeding $20.23M.https://t.co/mXmpVTx0iY https://t.co/44NbzUCVp0Lookonchain (@lookonchain):How much money does Machi(@machibigbrother) have to burn?He just deposited another 115K $USDC into Hyperliquid to keep longing $ETH.Since the Oct 11 market crash, he has sent 6.96M $USDC to Hyperliquid — and has nearly wiped it all out, with over $20M in total losses. https://t.co/yGKaxnodOt ...

Market Analysis & Key Events - Crypto market has been under pressure since October 10th due to a significant deleveraging event [2][3] - A stablecoin, Athena's USDE on Binance, experienced a flash crash to $0.65 on October 10th, triggering automatic liquidations [9][10][11] - Approximately 2 million crypto accounts were wiped out due to cascading liquidations across exchanges [12] Technical Issues & Market Maker Impact - Tom Lee attributes the crypto crash to a "bug" or code error in automated liquidation processes (ADL) [1][7][14] - Market makers, crucial for providing liquidity, were crippled by the October 10th event, leading to reduced trading and further selling [3][4][5] - The ADL systems relied on single exchange price feeds instead of aggregating across multiple exchanges, exacerbating the liquidations [20] Recovery & Future Outlook - The current situation is compared to the Terra Luna collapse in 2022, suggesting a potentially prolonged recovery period [5] - The industry learned from past events like the 1987 portfolio insurance crash and the subprime mortgage crisis [16] - The underlying technology of cryptocurrencies like Bitcoin and Ethereum is functioning as intended; the issue lies in the processes of traders and market makers [19] - The current market conditions present a potential buying opportunity, as nothing is fundamentally wrong with the underlying technology [21][22]

Instead of giving points for being liquidated, how about rewarding winners with real cash prizes every month #WynnMode @JamesWynnReal @cecilia_hsuehA monthly leaderboard where WINNERS are encouraged to WIN• Top ROI performers• Top volume performers• Top profitable traders- MEXCAster (@Aster_DEX):🚨 BREAKING: Aster will launch “machi mode” next week.you get liquidation points for getting rekt.this one's for you, king 👑 @machibigbrother https://t.co/801veAdXqU ...

MACHI BIG BROTHER IS GETTING LIQUIDATED RIGHT NOWMachi Big Brother has just been liquidated for $5.6 million on ETH and is about to get liquidated for the rest of his position, worth $5.8M at current prices.He is straight up not having a good time right now. https://t.co/ss1JOpD24f ...

⚡️ UPDATE: Aster is launching “Machi mode, rewarding users with liquidation points when their positions get rekt, inspired by Machi Big Brother. https://t.co/K4lJQGMZoX ...

Machi(@machibigbrother) got liquidated again!He deposited another 256.7K $USDC into #HyperLiquid to continue going long on $ETH.He seems to be revenge trading, trying to win back his losses.https://t.co/rFAxwOwvtu https://t.co/609G3d6KUYLookonchain (@lookonchain):Machi(@machibigbrother) got liquidated again — his account's down to just $35,198.He's now gone all-in with what's left, opening a new 25x long on 368.89 $ETH($1.11M).New liquidation price: $2,963.35.https://t.co/fk2wRZjZpx https://t.co/vptZSjmt3O ...

A few more liquidations than up onlyThe Kobeissi Letter (@KobeissiLetter):BREAKING: Bitcoin falls below $91,000 for the first time since April 22nd, now down -28% from its high.Total crypto liquidations are now over -$5 billion in 7 days. https://t.co/iXTsjVhDCg ...

Summary on what happened with REKT this eveningPrice has now fully recovered from the liquidation wickOSF (@osf_rekt):Here's my best attempt to explain what happened on $REKT today in simple terms (tldr - @IMFCrypto didn't "liquidate" anyone, it's just a decentralised platform that matches borrowers and lenders).IMF is build on top of @MorphoLabs, where anyone can lend money directly. In ...

Machi(@machibigbrother) got liquidated again as the price dropped!Right after the liquidation, he quickly reopened a long on 3,075 $ETH ($9.6M) with a liq price at $3,043.72. His total losses have now exceeded $18.9M.Meanwhile, his brother machismallbrother.eth closed his position earlier, taking a $1.55M loss, but still remains up $7.3M overall.https://t.co/4US8erYHfkhttps://t.co/EWRqPq953K ...

$10.8b bitcoin shorts accumulated from $108k down. first liquidation wall at $92k holds $2.1b. cross that and the cascade starts. $3.4b more at $95k. $4.8b at $100k. forced buying meets $7.3b in stablecoins that just hit exchanges. shorts are trapped. stablecoins are patient. but once $92k breaks the shorts become the exit liquidity ...