According to blockchain analysis service Lookonchain, an unfortunate trader was liquidated eight times last week.
The trader, known by the username Qwatio, suffered a total loss of $12.5 million. In the latest liquidation on Monday, Lookonchain reported that Qwatio's Ethereum position was partially liquidated, which was leveraged at 25 times.
The new liquidation price was set at $2,534, while Ethereum fluctuated between $2,425 and $2,519 in the past 24 hours.
The Bitcoin position faced a similar fate, being partially liquidated, with the new liquidation price set at $109,170.
Just a few days earlier, on Thursday (June 26), Lookonchain indicated that Qwatio was liquidated six times in just three days, with total losses reaching $10 million.
Qwatio profited in March by going long on Ethereum and Bitcoin with 50 times leverage when U.S. President Trump announced an executive order to create a crypto reserve, netting $6.8 million.
In another trade in March, Qwatio also opened a $3.46 million position in the meme coin $MELANIA, associated with First Lady Melania Trump, using 50 times leverage, and successfully defended a 40 times leveraged Bitcoin position by adding margin when a whale hunter attempted to liquidate his Bitcoin position.
Meanwhile, renowned cryptocurrency trader James Wynn—known for losing $1 billion in high-risk trades—opened a small Bitcoin short position.
Lookonchain stated in a post on Sunday (June 29) that Wynn opened a Bitcoin (BTC) short position of only $37,000 with 40 times leverage, with a liquidation price of $108,630, which could potentially yield him $1.49 million if successful.
Wynn is famous for making significant bets in cryptocurrency; he was nearly liquidated for $100 million at the end of May and was liquidated again for $25 million on June 4.
He may have also placed a $300 million leveraged Bitcoin bet through an anonymous account on June 10 to avoid whale hunters, claiming that these hunters were attempting to liquidate his position.
Later that day, when the Bitcoin price was $107,250, Wynn reversed his position, closing the short and going long at $44,466. According to Congecko, Bitcoin fluctuated between $107,228 and $108,771 in the past 24 hours.
Another lesser-known cryptocurrency trader recently achieved some success in crypto trading, turning $6,800 into a profit of $1.5 million while occupying over 3% of the market-making liquidity on a major cryptocurrency exchange.
Within two weeks, the account recorded $1.4 billion in trading volume and consistently ranked among the top contributors to the total market-making volume on the exchange.
Related: Michael Saylor hints at buying Bitcoin (BTC) for the 11th consecutive week.
Original article: “Trader ‘Qwatio’ Liquidated Eight Times in a Week, Losing $12.5 Million”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
