Famous Gambler Trader's Bitcoin Stubbornness Backfires Again: Shorted from the Bottom, Got Liquidated!

Due to his continuous expectation that Bitcoin (BTC) would drop, the famous trader qwatio has been liquidated multiple times and has once again opened a short position from the bottom.

Recently, the famous trader qwatio has incurred significant losses in a short time by taking positions against the rising price of Bitcoin. Despite his losses, he does not change his strategy. According to data shared by Lookonchain, qwatio has lost over 15 million dollars in the past 10 days. During this period, a total of 1,177 Bitcoin (BTC) and 34,466 Ethereum (ETH) were liquidated. Massive positions exceeding a total of 215 million dollars were quickly liquidated by the market.

Despite being liquidated multiple times, qwatio once again opened a short position worth 2.3 million dollars with 21 BTC at the moment when Bitcoin dropped to 109,135 dollars. This persistent approach has resonated widely on social media and has become a topic of discussion among market followers.

Repeatedly Making the Same Mistake

The trader's refusal to change his strategy has become a situation that market participants follow with astonishment and curiosity. While the price of Bitcoin continues its upward trend, qwatio's repeated short positions from low levels are interpreted by many investors as "stubborn gambling." Experts indicate that such high-risk strategies could lead to serious losses in the long run.