Whale Trader @qwatio Suffers $8.32M Loss After Partial Liquidation on $BTC & $ETH Shorts

On June 25, on-chain analyst Yu Jin reported that contract whale @qwatio was partially liquidated (20%) on a massive 2x short position, racking up a realized loss of $8.32 million.

Current Position Breakdown:

🔸 Shorting 1,131 $BTC

🔹 Leverage: 40x

Value: $122M

Entry: $104,724

Liquidation: $108,311

🔸 Shorting 27,000 $ETH

🔹 Leverage: 25x

Value: $68.31M

Entry: $2,425

Liquidation: $2,459

The sharp price surge in $BTC and $ETH has pushed this high-leverage bet into dangerous territory, putting the whale at risk of further liquidation.