One ultra-leveraged Hyperliquid dealer has been liquidated 5 instances over the weekend and has misplaced almost $3.7 million up to now week with aggressive bitcoin
and ether
shorts, in keeping with on-chain knowledge.
Gambler @qwatio was liquidated 5 extra instances, with a complete of 387 $BTC($42.18) and a couple of,990 $ETH($7.65M) liquidated.
His account went down from $16.28M to $610K, shedding $15.67M!
Quick the lows. Get liquidated. Repeat.https://t.co/pzqZSyWN1c pic.twitter.com/YhMbutIueS
— Lookonchain (@lookonchain) July 7, 2025
Qwatio, a closely leveraged Hyperliquid dealer within the type of James Wynn, has been opening quick positions on BTC and ETH when the tokens are at sessional lows.
This transfer is a flip from his technique earlier this yr when he traded BTC and ETH through aggressive longs.
Qwatio first bought on the radar of Crypto Twitter once they opened a 50x leveraged BTC and ETH bets value $200 million within the hours earlier than U.S. President Donald Trump signed an government order to create a crypto reserve – which was a broad bullish catalyst for the market.
Additionally they have been a significant holder of the Melania memecoin throughout its preliminary launch earlier this yr.
Total within the final 24 hours there was $50 million of ETH and $31 million in BTC quick and liquidated throughout the market, in keeping with CoinGlass knowledge.
Learn extra: James Wynn, the Dealer Who Wager $1B on Bitcoin, Is Now Lengthy Pepe
