Machi Big Brother sold another three Bored Ape Yacht Club NFTs for 27.42 ETH, worth about $44,000, as his leveraged Ethereum trading on Hyperliquid remained under pressure.
The latest sale added another realized loss to a month of aggressive NFT exits. The three Apes were sold at a combined loss of about 25 ETH, or roughly $40,000, based on the tracker’s valuation. The proceeds were tied to raising funds for more ETH long exposure rather than reducing the trader’s derivatives risk.
The move follows a prior Bored Ape loss sale in which Machi’s past-month disposals reached 34 Apes for 326 ETH, with realized losses near 399 ETH. That earlier sale already linked shrinking blue-chip NFT exposure with repeated attempts to keep leveraged ETH positions alive.
Hyperliquid ETH Long Stays Under Pressure
Machi’s latest Hyperliiquid position was listed at 2,600 ETH, worth about $4.2 million, with a liquidation price of $1,596.69. The position leaves little room for further ETH weakness because a move toward that level could wipe out the long unless fresh collateral is added, exposure is reduced, or the position is otherwise adjusted.
The trade extends a pattern seen across Machi’s recent Hyperliquid activity. He previously faced another massive liquidation on Hyperliquid after rebuilding an ETH long during a weak market move. Earlier episodes also showed repeated collateral reloads, liquidations, and rapid position changes as ETH volatility cut into leveraged exposure.
The new Bored Ape sale makes the funding side of the trade more visible. Rather than selling NFTs into strength, Machi is converting BAYC assets during a weaker NFT market while using the liquidity to support directional ETH bets. That links two pressured markets in the same trade: declining blue-chip NFT prices and leveraged Ethereum exposure close to liquidation.
BAYC Sales Show Liquidity Strain Around Leveraged Bets
Bored Ape Yacht Club remains one of the best-known NFT collections, but selling multiple Apes quickly can still come with steep execution costs when demand is thin. Machi’s latest sale shows how high-value NFTs can become a liquidity source when leveraged positions need margin, even if the sale locks in losses from much higher entry prices.
The trading pattern also separates NFT ownership from derivatives risk. The Ape sales do not automatically show a broader BAYC collapse, but they do show one large holder turning NFTs into ETH while defending an active long position. For traders watching Hyperliquid, the liquidation level matters more than the historical purchase price of the NFTs.
Machi currently holds a 2,600 ETH long worth about $4.2 million, while the listed liquidation price for the position stands at $1,596.69.
