"Internal whale" @qwatio is maintaining short positions worth hundreds of millions of USD with high leverage, according to on-chain monitoring data from expert Yu Jin.
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Whale @qwatio holds a 40x short position for 1,400 BTC, equivalent to $149 million.
Adjusting a 25x short position for 40,000 ETH, valued at approximately $97.57 million.
What short positions is internal whale @qwatio currently holding and what is their value?
On-chain analyst Yu Jin confirms that cryptocurrency whale @qwatio is maintaining two large short positions, including 1,400 BTC using 40x leverage, valued at nearly $149 million, and 40,000 ETH with 25x leverage, equivalent to $97.57 million.
The entry price of the 1,400 BTC position is $106,706 with a liquidation point at $109,863. The ETH position was opened at $2,453 and will be liquidated if the price reaches $2,562. According to the latest update report, these are all short positions using high leverage, reflecting this whale's expectation of a price decrease.
"The fact that whale @qwatio restarted the $50 million short position immediately after liquidation reflects a deep trading strategy based on thorough on-chain analysis."
Yu Jin, On-chain Analysis Expert, July 1, 2024
Why was the $50 million short position of whale @qwatio liquidated and then reopened?
Analysis from Yu Jin shows that after the $50 million short position was liquidated in the morning session on July 1, 2024, the whale @qwatio quickly reopened this position just after an hour, demonstrating a very flexible risk management and trading strategy.
The incident reflects short-term market sentiment fluctuations, but this whale's confidence in the long-term downtrend remains unchanged. This is a true testament to the role of on-chain analysis and agility in investment decisions using high leverage.
How does high leverage affect the risk and opportunity for this whale?
With 40x leverage on BTC and 25x on ETH, the short positions of the whale @qwatio carry a significant liquidation risk if the market price moves against expectations. However, at the same time, the profit opportunity may also increase sharply if a downtrend occurs.
According to the CEO of a leading cryptocurrency exchange, high leverage is suitable for traders with experience and a good understanding of market mechanisms. Whale @qwatio is seen as a longtime player with a systematic capital and risk management strategy, based on on-chain tracking reports.
"High leverage is not for beginners. It is a double-edged sword; only seasoned investors have the courage to use it effectively and avoid liquidation."
Tran Minh Trung, CEO of the cryptocurrency exchange, 2024
Real-life illustration of short positions and liquidation prices in cryptocurrency trading
Asset Type Volume Leverage Opening Price (USD) Liquidation Price (USD) Position Value (USD) Bitcoin (BTC) 1,400 BTC 40x 106,706 109,863 149 million Ethereum (ETH) 40,000 ETH 25x 2,453 2,562 97.57 million
Frequently Asked Questions
Who is whale @qwatio in the cryptocurrency market? @qwatio is a prominent internal whale, monitored for large trading positions and strategies that use high leverage. What do 40x and 25x leverage mean? Leverage is a tool to multiply the trading value; 40x means the position's value is 40 times the invested capital, increasing risk and opportunity. Why was the whale's short position liquidated? Liquidation occurs when the market price exceeds the set risk level, losing collateral for the leveraged position. How can the whale reopen a position after liquidation? The whale can quickly reopen positions based on market analysis and flexible risk management. Is trading with high leverage safe? High leverage is only suitable for experienced investors who understand the risks and manage capital tightly.
Source: https://tintucbitcoin.com/whales-holding-bitcoin-ethereum-short-positions/
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