According to BlockBeats and on-chain monitoring, the trader known as @qwatio has recently increased their short position to $132 million after having previously been partially liquidated—at one point, their short exposure reached $300 million but was reduced to below $100 million following a series of liquidations as the market rebounded.
After the most recent downturn in crypto prices, @qwatio chose to scale up their short positions again. The latest on-chain data reveals:
Their current BTC short position carries a liquidation price of $114,210, while their ETH short is at $3,822.
Due to market recovery and volatility, these positions have faced additional partial liquidations. The floating (unrealized) profit on their combined short positions has fluctuated sharply. At one point, their unrealized profit dropped from nearly $12 million down to about $1.3 million as the market bounced, and their positions neared the liquidation threshold.
The highly leveraged (40x for BTC, 25x for ETH) nature of these trades has intensified the volatility of the profit and loss figures.
In summary, @qwatio's aggressive approach—scaling up short positions despite previous liquidations—illustrates the risks and rapid changes faced by crypto traders employing high leverage, especially in turbulent markets