Insider Trader Loses $15.48 Million in Crypto Liquidation
On July 6, 2025, a prominent insider trader known as @qwatio faced a significant financial loss of $15.48 million due to the liquidation of high-leverage short positions on Bitcoin (BTC) and Ethereum (ETH). The trader’s positions included a 40x short on 1,131 BTC and a 25x short on 33,000 ETH, which were liquidated at $108,768 for BTC and $2,508 for ETH, respectively. This event led to forced buying in derivatives markets, contributing to increased volatility in the spot prices of BTC and ETH.
The liquidation of @qwatio’s positions sparked a debate within the crypto community about the risks associated with high-leverage trading. The incident highlighted the potential for extreme leverage to cause substantial market volatility and…
