Trader @qwatio Increases $132M Short Position Amid Market Downturn
According to BlockBeats, prominent trader @qwatio has increased their short position to $132 million, capitalizing on the recent market decline. This comes after a significant drawdown in their original $300 million short position, which was previously reduced to under $100 million due to multiple liquidations.
With current bearish sentiment in play, the trader has repositioned aggressively. The updated liquidation price for their BTC short is set at $114,210, while the ETH short is positioned with a liquidation price of $3,822.
Despite earlier losses, the trader is now sitting on an unrealized profit of approximately $1.4 million, signaling a sharp strategic recovery aligned with the ongoing downward momentum in the broader crypto market.
This move reflects growing confidence among high-leverage traders in short-term bearish trends and may serve as a signal for increased volatility ahead.
