Crypto whale insider @qwatio has been continuously liquidated on his short position during the recent price surge, yet remains determined to hold this position despite the risks.
Even though the short position has decreased to only 800 thousand USD margin and a loss of up to 15.48 million USD, this whale still maintains a total position of 47.34 million USD consisting of Bitcoin and Ethereum with high leverage.
MAIN CONTENT
Whale @qwatio continues to short BTC and ETH despite multiple margin liquidations.
The current short position is 47.34 million USD with leverage of 40x for BTC and 25x for ETH.
Who is whale @qwatio and what is their trading position like?
Whale @qwatio is known as one of the insider traders with extensive on-chain experience, and analyst Yu Jin has closely monitored this whale's short position during strong market fluctuations.
Previously, whale @qwatio's BTC short position with a leverage of 40x held 368 BTC valued at approximately 40.05 million USD; while simultaneously holding a short position on ETH at 25x with 2,846 ETH worth 7.28 million USD.
Why does whale @qwatio continue to be liquidated but still maintains a short position?
Statistics from on-chain analyst Yu Jin show that even after multiple liquidations, this whale persists in placing large margins to maintain high leverage, demonstrating confidence or a long-term short strategy against market trends.
"Whale @qwatio does not give up the short position, showing the strength and determination of an experienced insider trader."
Yu Jin, On-chain Analyst, 6/7/2024
Specifically, the initial margin of 16.28 million USD has decreased to only 800 thousand USD after many liquidations, with a loss of up to 15.48 million USD. However, the slight decrease in BTC price afterward helped partially recover the lost position, motivating the whale to increase the position.
What is the current short position of whale @qwatio and how does it impact the market?
The short position after several liquidations still holds a total value of 47.34 million USD, which indicates significant selling pressure that could affect the short-term price trend of the BTC and ETH market due to the relatively large position size.
Asset Type Quantity Leverage Value (USD) Opening Price Liquidation Price Bitcoin (BTC) 368 BTC 40x 40.05 million 107,724 USD 109,196 USD Ethereum (ETH) 2,846 ETH 25x 7.28 million 2,452 USD 2,611 USD
"The whale maintaining a short position with high leverage in the context of multiple liquidations suggests this may be a complex trading strategy based on insider information or deep technical analysis."
Cryptocurrency market analyst Nguyen Huy, 7/2024
Frequently Asked Questions
Who is whale @qwatio in the cryptocurrency market? He is an experienced insider trader known for high-leverage short positions on BTC and ETH, closely monitored by on-chain experts. Why does the whale maintain a short position despite multiple liquidations? This whale may have a long-term strategy or believes the market will continue to decline, hence continuing to add margin despite significant losses. What is the leverage and the amount of BTC, ETH shorted by the whale? The current short position consists of 368 BTC at 40x leverage and 2,846 ETH at 25x leverage. How does margin liquidation impact the market? Large liquidation volumes can cause temporary price volatility, especially with BTC and ETH. Where is this data sourced from and how reliable is it? Information is analyzed by reputable on-chain expert Yu Jin based on public trading and blockchain data.
Source: https://tintucbitcoin.com/whale-tien-dien-tu-giu-4734-trieu-usd/
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