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Hyperliquid Trader Qwatio Loses $3.7M This Week on Extreme Bitcoin, Ether Shorts

Qwatio currently has a BTC short position with 40X leverage, and a 25x leveraged short on ETH.

By Sam Reynolds|Edited by Parikshit Mishra
Updated Jul 7, 2025, 4:15 p.m. Published Jul 7, 2025, 5:58 a.m. 1 min read
A bear cools itself, lying on its back in shallow water. (Unsplash, mana5280)

What to know:

  • A Hyperliquid trader named Qwatio was liquidated five times over the weekend, losing nearly $3.7 million with aggressive BTC and ETH shorts.
  • Qwatio's account plummeted from $16.28 million to $610,000, marking a total loss of $15.67 million.
  • The trader previously gained attention for making 50x leveraged BTC and ETH bets worth $200 million before a major market catalyst.

One ultra-leveraged Hyperliquid trader has been liquidated five times over the weekend and has lost nearly $3.7 million in the past week with aggressive bitcoin BTC$73,344.36 and ether (ETH) shorts, according to on-chain data.

Qwatio, a heavily leveraged Hyperliquid trader in the style of James Wynn, has been opening short positions on BTC and ETH when the tokens are at sessional lows.

This move is a flip from his strategy earlier this year when he traded BTC and ETH via aggressive longs.

Qwatio first got on the radar of Crypto Twitter when they opened a 50x leveraged BTC and ETH bets worth $200 million in the hours before U.S. President Donald Trump signed an executive order to create a crypto reserve – which was a broad bullish catalyst for the market.

They also were a major holder of the Melania memecoin during its initial launch earlier this year.

Overall in the last 24 hours there has been $50 million of ETH and $31 million in BTC short and liquidated across the market, according to CoinGlass data.

Read more: James Wynn, the Trader Who Bet $1B on Bitcoin, Is Now Long Pepe

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