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.
- 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 and ether shorts, according to on-chain data.
Gambler @qwatio was liquidated 5 more times, with a total of 387 $BTC($42.18) and 2,990 $ETH($7.65M) liquidated.
— Lookonchain (@lookonchain) July 7, 2025
His account went down from $16.28M to $610K, losing $15.67M!
Short the lows. Get liquidated. Repeat.https://t.co/pzqZSyWN1c pic.twitter.com/YhMbutIueS
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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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
