"Leverage is both a double-edged sword and a trap," the well-known 'insider whale' Hyperliquid high-leverage trader 'Qwatio' has once again verified the cruel truth of this statement.
According to on-chain tracking data, high-leverage trader 'Qwatio' on the decentralized derivatives trading platform Hyperliquid intensively shorted Bitcoin and Ethereum during a brief pullback in the cryptocurrency market over the past week, but the market immediately rebounded sharply, causing 'Qwatio' to be forcibly liquidated 5 times in a row, with total losses nearing 3.7 million dollars.
Gambler @qwatio was liquidated 5 more times, with a total of 387 $BTC($42.18) and 2,990 $ETH($7.65M) liquidated.
His account went down from $16.28M to $610K, losing $15.67M!
Short the lows. Get liquidated. Repeat. https://t.co/pzqZSyWN1c pic.twitter.com/YhMbutIueS
— Lookonchain (@lookonchain) July 7, 2025
'Qwatio's' trading style has always been aggressive. He first became known in the crypto community just hours before U.S. President Donald Trump signed the executive order establishing the 'Cryptocurrency Reserve,' boldly opening a total position of up to 200 million dollars in Bitcoin and Ethereum with 50x leverage long positions, successfully hitting the market's bullish starting point, thus gaining fame.
In addition, 'Qwatio' was also an early large holder of Melania Trump meme coin $MELANIA.
However, there are no gods in the market. According to data platform CoinGlass, over the past 24 hours, more than 80 million dollars in short positions have been liquidated in the cryptocurrency market, including 50 million dollars in Ethereum and about 31 million dollars in Bitcoin, highlighting the fierce power of the bulls' comeback, catching shorts off guard.
"Crazy shorting BTC, ETH faced 5 consecutive liquidations! 'Insider whale' Qwatio lost 3.7 million dollars" this article was first published on (Blockchain).
