Machi Big Brother (Jeffrey Huang) sold three Bored Apes at steep losses to reduce his Ethereum long position by 52%. On August 14, his Hyperliquid position stood at 2,500 ETH with 25x leverage, with a liquidation price of $1,859.15. The ETH price was only $22.50 above the liquidation threshold, a 1.21% gap. Between July 14 and August 14, the position shrank from 5,264 ETH to 2,500 ETH while the liquidation price rose by $102.39. The NFT sales, which generated losses of up to 89.4% in ETH terms, cannot be publicly traced to the Hyperliquid margin account.
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