Tech had its worst day since June. On Hyperliquid, $120M of longs were liquidated — and the dip buyers came back at 40x
How yesterday's calls did
Scored from our call at 04:20 UTC Oct 22 to 02:00 UTC today.
| Call | What happened | Score |
|---|---|---|
| BTC 81,700–84,300, leaning down: below 81,729 before above 84,300 | High 82,987, low 80,911. At 09:09 UTC the line we named, 0x92a7's 81,729, was hit: $1.96M of its long was liquidated at 81,728. | ✓ |
| ETH 2,380–2,500, leaning down; below 2,414 (Machi's line) before Friday | Low 2,359.1. Machi sold $6.3M of ETH on the way down and was not liquidated. | ✓ |
| HYPE 76.5–81.5, no lean | 76.49–79.08. Less than a cent under the bottom, once. | ✓ |
| SOL 102.5–108.5, no lean | 102.98–105.66. | ✓ |
| Tesla perp stays below 380 through Thursday's close | Reached 388.65 at 14:00 UTC. | ✗ |
| The Tesla whale switches ZEC or ETH by 03:00 UTC Friday | 0x30af…393e closed both: $18.4M of ZEC (+$17.6K) and $4.7M of ETH at 2,414.8 (−$78K). It now holds one position, a $15.3M short on the DRAM perp, down $311K, liquidation 47.36. | ✓ |
5 out of 6. The miss was the one stock call. Two days running, Tesla moved more than we expected.
Yesterday in one line
Bitcoin fell 3.1% to 81,410 and ETH 3.4% to 2,388. Hyperliquid liquidated $120.8M from 8,772 wallets, and $118.6M of it was longs. Bitcoin alone: $50.5M.
The trigger was the stock market. The Philadelphia Semiconductor Index fell 6.7% and the Nasdaq 2.6%, its worst day since June, on worries about the cost of the AI build-out (Reuters via Nikkei Asia). On Hyperliquid, the chip ETF perpetual SOXL lost $18.4M to liquidations, and one wallet there was liquidated twice in five hours: today's news story. Moderna's perp fell 20.7% after its vaccine data leaked; the wallets we named yesterday are in a separate story.
Three minutes at 09:09
Bitcoin's biggest liquidation came before the Nasdaq even opened. 0x8eff…bd5e opened a $10.1M long at 83,116 that morning. At 09:12 UTC it was liquidated: $9.9M at 81,652, a $178K loss. Three minutes earlier, the same slide had taken part of 0x92a7's long at exactly the line we published.
The dip buyers used 40x
Big trades net-sold $111M of Bitcoin yesterday. But the wallets that bought did it on the way down, and with high leverage:
| Wallet | Now | Entry | Liquidation |
|---|---|---|---|
| 0xc3ed…00dd | long $24.5M at 40x | 81,657 | 74,003 |
| 0x92a7…3fea | long $14.7M at 40x | 82,182 | 78,797 |
| 0x5e07…9fea | long $9.8M at 40x | 81,686 | 80,239 |
| 0x2f59…d982 | long $8.4M at 33x | 82,358 | 80,137 |
0xc3ed is the wallet that shorted the top of Wednesday's stablecoin rally at 84,405 and made $333K. Yesterday it closed its last shorts and turned long.
Our call for today
Same rules: our read, scored tomorrow, right or wrong. Prices at 02:00 UTC.
BTC (81,527): range 80,100–83,000, leaning down. We think BTC trades below 80,239 before it trades above 83,000.
- Why: the big trades are still selling, and the buyers sit at 33–40x, with $18M of liquidations packed between 80,137 and 80,239 — only 1.6% below.
- Below that: 76,944 (0x0c4a…1b19, $33.6M at 40x), then 74,794 (0x36cd…d195, $70.0M at 10x).
- Above: the nearest big short liquidation is about 85,000–85,500 ($10.8M).
ETH (2,398): range 2,340–2,460, leaning down. ETH touches Machi's 2,354 before 2,460.
- Machi Big Brother is down to 500 ETH at 25x, liquidation 2,353.7.
- Further down sit the two biggest longs on the map: 0x77dd…e0e9 $116M at 2,255.9 and 0x0392…d7d9 $107M at 2,225.9 — 6–7% below.
- Above: 0x1ee7…edf5's $15.6M short at 25x, liquidation 2,580.7.
HYPE (77.77): range 75.7–80, no lean. The nearest liquidation is 0x13da…08be's $10.1M long at 75.73. Still no short liquidations above.
SOL (104.2): range 101.5–107, no lean.
Apple perp: 0x795c's 20x short is liquidated before Friday's Nasdaq close. Apple rose while the rest of tech fell; the short's liquidation at 352.63 is 1.5% above 347.54. (The whole story is in today's SOXL piece.)
Moderna perp: stays below 225 through Saturday's ESMO presentation. The bad news is out; we don't think the full data changes it.
Live liquidation maps: BTC · ETH · HYPE · AAPL. To get a Telegram alert when one of these wallets moves, tap 🔔 next to the title on its wallet page.
Data: Hyperliquid on-chain fills, liquidations and positions, compiled by CryptoAnimon. "Yesterday" = Oct 22, 2026 (UTC). Positions, liquidation prices and current prices as of about 02:00 UTC, Oct 23. Liquidations count only the liquidated side. Big trades = single taker fills of $100K+, excluding market makers and liquidators. Scores use the high and low from 04:20 UTC Oct 22 to 02:00 UTC Oct 23.
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