Leading cryptocurrency Bitcoin (BTC) began crypto week in the US on a excessive. The rate of BTC broke a myth by surpassing $123,000, while investors who had expected a decline comprise been disappointed.
At this point, in accordance with Coinglass files, $622 million worth of short positions comprise been liquidated in the final 24 hours.
Traders who expected Bitcoin to fall after final week’s ATH and opened short positions suffered mountainous losses.
This form of became the trader named Qwatio, following the gargantuan whale James Wynn, who lost his $100 million fully.
Qwatio also suffered extensive losses, though no longer as powerful as Wynn.
In maintaining with Lookonchain’s publish, the enormous short positions of an investor named Qwatio, worth $334 million, comprise been fully liquidated in barely 3 hours.
These short positions integrated transactions of 1,743 Bitcoin (worth $211 million), 33,743 Ethereum (worth $102.3 million), and 15 million FARTCOIN (worth $20.6 million).
Liquidations in BTC, ETH, and FARTCOIN short positions precipitated Qwatio to lose $25.8 million.
Qwatio experienced a identical anxiousness in June, liquidating different long and short positions eight times and shedding $12.5 million.
However Qwatio didn’t lose the entire time. He made over $10 million in earnings on TRUMP and MELANIA. Accordingly, Qwatio opened a protracted quandary earlier than Trump’s announcement of Bitcoin and cryptocurrency reserves, making a $6.8 million earnings on MELANIA and a $3.5 million earnings on MELANIA.
Gambler @qwatio’s extensive short positions worth $334M comprise been entirely liquidated in barely 3 hours, alongside with: 1,743 $BTC ($211M), 33,743 $ETH ($102.3M), and 15M $FARTCOIN ($20.6M).
His pockets (0x916E) is now down almost $25.84M in total losses. https://t.co/RwVCmLe4rK pic.twitter.com/Ed1jXyaYEY
— Lookonchain (@lookonchain) July 14, 2025
*Here’s no longer funding advice.
