A trader named Qwatio on Hyperliquid faced a staggering eight liquidations in just five hours after betting against a market rally. This occurred as the cryptocurrency market rose by 1.78%, driven by a US-Vietnam trade agreement. Bitcoin (BTC) increased by 2.5% to $108,766, while Ethereum (ETH) surged 5.8% to $2,568. Qwatio's shorts suffered significantly due to his high-leverage strategy, leading to substantial losses exceeding $15 million over ten days. Lookonchain reported that Qwatio's positions were liquidated multiple times, highlighting the risks of high-leverage trading. Another trader, 0xFa5D, also faced challenges, losing over $6.8 million after attempting to recover losses with a risky short position on ETH. Despite these setbacks, some traders have successfully navigated the market, with one turning $6,800 into $1.5 million without making directional bets. These events underscore the volatility and dangers inherent in high-leverage trading. Read more AI-generated news on: https://app.chaingpt.org/news