Please enter CoinGecko Free Api Key to get this plugin works.
Please enter CoinGecko Free Api Key to get this plugin works.
HomeCrypto NewsHyperliquid Trader Qwatio Loses $3.7M This Week on Extreme BTC, ETH Shorts

Hyperliquid Trader Qwatio Loses $3.7M This Week on Extreme BTC, ETH Shorts

-

Spread the love

One ultra-leveraged Hyperliquid trader has been liquidated five times over the weekend and has lost nearly $3.7 million in the past week with aggressive bitcoin

and ether

shorts, according to on-chain data.

jwp-player-placeholder
STORY CONTINUES BELOW
Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

Qwatio, a heavily leveraged Hyperliquid trader in the style of James Wynn, has been opening short positions on BTC and ETH when the tokens are at sessional lows.

This move is a flip from his strategy earlier this year when he traded BTC and ETH via aggressive longs.

Qwatio first got on the radar of Crypto Twitter when they opened a 50x leveraged BTC and ETH bets worth $200 million in the hours before U.S. President Donald Trump signed an executive order to create a crypto reserve – which was a broad bullish catalyst for the market.

They also were a major holder of the Melania memecoin during its initial launch earlier this year.

Overall in the last 24 hours there has been $50 million of ETH and $31 million in BTC short and liquidated across the market, according to CoinGlass data.

Read more: James Wynn, the Trader Who Bet $1B on Bitcoin, Is Now Long Pepe

LATEST POSTS

Bitcoin’s Potential Bull Market Resistance — $115K or $223K?

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.The consensus in the bitcoin market remains bullish even though...

Bitcoin Whales Scoop Up BTC as Price Nears Record Highs

Bitcoin whales, investors who already hold in excess of 10,000 BTC, are buying up more of the largest cryptocurrency in a sign of confidence...

Brazilian Exchange Mercado Bitcoin to Tokenize $200M in Real-World Assets on XRP Ledger

Latin American cryptocurrency exchange Mercado Bitcoin plans to tokenize over $200 million in real world financial assets (RWAs), including fixed income and equity instruments, on...

U.S. Secret Service Quietly Becomes a Leading Crypto Cop as Digital Fraud Soars: Bloomberg

The U.S. Secret Service, better known for protecting American presidents, has emerged as a major force in the fight against cryptocurrency crime, Bloomberg reported on...

Most Popular