🚨‼️🐋🐋Whale Trader Faces Significant Losses Amid Liquidation‼️🚨
According to BlockBeats, the trader known as 'Insider Whale' under the alias qwatio has experienced another liquidation of their 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 shorting strategy.
Currently, qwatio holds short positions with a nominal value of $201 million.
These include a 40x leveraged short of 1,120 $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 $ETH , valued at $80 million, with an entry price of $2,454 and a liquidation price of $2,539.