#EthereumFuture #TrumpMediaBitcoinTreasury Insider Trader @qwatio Suffers Major Losses After Aggressive Crypto Shorts Backfire&__?

____________................_______________

According to BlockBeats, the trader known as @qwatio, often labeled an "insider trader," has experienced massive losses due to a series of failed short positions in the crypto market.

His initial liquidation amounted to $41 million.

Despite this, he doubled down, boosting his short positions in Bitcoin and Ethereum to $250 million.

However, these positions were soon slashed down to $160 million.

He had used $16.28 million in margin, which has now dropped drastically to just $3.16 million.

This translates to a net loss of $13.12 million from repeated liquidations.

The sequence reflects a high-risk strategy gone wrong amid volatile market conditions.$BTC $ETH