A whale trader faces significant losses amid liquidation. According to BlockBeats, the trader known as 'Insider Whale' under the pseudonym qwatio has suffered another liquidation of his short positions following a margin call. At 8:30 UTC+8, positions worth $50.55 million were forcibly liquidated, resulting in a total loss of $11.87 million from this short-selling strategy. qwatio currently holds short positions with a notional value of $201 million. These positions include a 40x leveraged short of 1,120 Bitcoin (BTC), valued at $121 million, with an entry price of $106,808 and a liquidation price of $109,603. Additionally, there is a 25x leveraged short of 32,000 Ethereum (ETH), valued at $80 million, with an entry price of $2,454 and a liquidation price of $2,539. This trend indicates an increase in volatility and risks in high-leverage positions in the cryptocurrency market.
#BTC110KToday? #NODEBinanceTGE #BiananceSquare #Write2Earn! #Write2Earn
