Between 11:42 AM and 1:24 PM UTC, Qwatio’s high-risk shorts were forcefully closed as the market surged. His liquidated assets […]
The post How One Bet Cost This Trader Hundreds of Millions appeared first on Coindoo.
Between 11:42 AM and 1:24 PM UTC, Qwatio’s high-risk shorts were forcefully closed as the market surged.
His liquidated assets included 1,743 BTC ($211M), 33,743 ETH ($102M), and 15 million FARTCOIN (~$20M). Factoring in trading fees, his net loss reached approximately $25.8 million.
The meltdown followed Bitcoin’s explosive rally past $123,000, triggering a wave of liquidations across bearish positions. Qwatio had heavily bet against the market, and as prices climbed, his collateral eroded, prompting exchanges to forcibly close his trades.
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This wasn’t his first loss. Just two days earlier, he suffered a similar blow—losing another $98 million in short positions across BTC, ETH, and FARTCOIN due to comparable market misjudgment.
Qwatio’s repeated overleveraging has made him a cautionary tale amid crypto’s renewed volatility.
The post How One Bet Cost This Trader Hundreds of Millions appeared first on Coindoo.
Source: https://coindoo.com/how-one-bet-cost-this-trader-hundreds-of-millions/
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