Machii Holds 60 ETH Longs, Liquidation Just $10 Away
Grade Abearish AI signal$ETH
Machii holds 60 ETH long positions with a stated liquidation price of $2,233.56, while ETH was quoted at about $2,243.6 at 08:12, leaving roughly $10 between spot and liquidation. The account reportedly has about $3,200 remaining.
At 08:09, Machii voluntarily cut 8 ETH at an average price of $2,243.5, described as the first active reduction after overnight liquidations.
Hyperliquid trade records cited in the source show Machii added 122 ETH between 22:53 and 00:09 at prices from $2,342 to $2,375, bringing the long position to 422 ETH. After selling 2 ETH at 01:47, four liquidation events between 02:31 and 04:34 cleared the remaining 420 ETH; the 04:34 liquidation involved 215 ETH.
At 04:38, Machii reopened about 100 ETH long at $2,301.6. A further 36 ETH was liquidated between 04:43 and 04:47. The source reports six liquidation events overnight totaling about 456 ETH and an actual loss of about $26,400. It also states that the account held 475 ETH with a $2,314 liquidation price the previous morning.
Bullish strength: 20/100
Proactively reduce positions to lower the risk of cascading liquidations in remaining positions
Bearish strength: 80/100
ETH longs are only about $10 from liquidation, posing high liquidation risk
Six consecutive liquidations indicate significant short-term downside pressure
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.
Binance is investigating a potential security breach after $2.54 billion in cryptocurrency assets were frozen, with major stablecoin issuers and crypto firms coordinating efforts to contain the incident.
Tether froze nearly $1.57 billion, Circle froze more than $800 million, and Ripple froze roughly $200 million, while Binance said it would cover all hacking losses and that user funds remained safe.
The incident could intensify scrutiny of centralized exchange security and increase pressure on the broader crypto industry as investigations continue.
Arbitrum’s Security Council has successfully rescued 74,559,805 ARB and 8,425 ETH linked to the Binance exploit, transferring the stolen funds into an intermediary frozen wallet.
The funds are no longer accessible to the original address and can only be moved through further Security Council action or an Arbitrum DAO governance vote.
The intervention could limit losses from the exploit while raising the importance of emergency governance powers and security controls across DeFi.
Binance's reported ETH reserves have fallen to approximately 94% of customer liabilities after hackers stole roughly 204,500 ETH worth around $442 million from wallets backing customer assets.
The stolen funds represented approximately 5.6% of Binance's ETH reserves, while Tether, Circle, and Ripple froze portions of the stolen assets.
The November 1 reserve snapshot could reveal whether Binance has replenished its stolen assets and restored full customer backing.
Arkham data shows 66 Binance hacker-linked addresses holding approximately $5.88 billion in crypto assets, including 18,270 BTC and 466,622 ETH. Binance has confirmed that $2.54 billion in assets linked to the hack has been frozen, with recovery efforts potentially increasing that amount. Continued recovery could improve asset recovery prospects, while the massive holdings highlight the scale of funds associated with the addresses.