🚨 Whale Trader "Insider Whale" Swallowed by Massive Liquidation Wave! 🐋📉
The prominent crypto trader known by the alias 'qwatio', also dubbed the "Insider Whale," is facing a sea of red after another significant liquidation of their short positions. The market's tide turned against this high-stakes gambler, resulting in substantial losses.
🌊 The Wipeout:
On a volatile Tuesday, at approximately 8:30 AM (UTC+8), a massive $50.55 million worth of qwatio's short positions were forcibly liquidated following a margin call. This catastrophic event led to a staggering $11.87 million loss from this single shorting strategy. 💸
Current Stormy Waters: ⛈️
Despite the heavy losses, "Insider Whale" qwatio continues to navigate treacherous waters, holding onto colossal short positions with a nominal value of $201 million. The trader's high-risk strategy is laid bare by their current holdings:
* Bitcoin (BTC) Short: A 40x leveraged short of 1,120 BTC, valued at a whopping $121 million.
* Entry Price: एंट्री प्राइस: $106,808
* Liquidation Price: 💀 $109,603 💀
* Ethereum (ETH) Short: A 25x leveraged short of 32,000 ETH, with a value of $80 million.
* Entry Price: 🎟️ $2,454
* Liquidation Price: 💀 $2,539 💀
This leaves "Insider Whale" in a precarious position, teetering on the edge of further liquidations should the market make even a slight move against them. The high leverage employed means that small price fluctuations can trigger massive financial consequences. The crypto community watches with bated breath to see if this whale can swim out of this storm or if they will be beached entirely. 🐳💔
