Leading cryptocurrency Bitcoin (BTC) started crypto week in the US on a high. The price of BTC broke a record by surpassing $123,000, while investors who had expected a decline were disappointed.
At this point, according to Coinglass data, $622 million worth of short positions were liquidated in the last 24 hours.
Traders who expected Bitcoin to drop after last week’s ATH and opened short positions suffered huge losses.
One of these was the trader named Qwatio, following the big whale James Wynn, who lost his $100 million completely.
Qwatio also suffered great losses, though not as much as Wynn.
According to Lookonchain’s post, the massive short positions of an investor named Qwatio, worth $334 million, were completely liquidated in just 3 hours.
These short positions included 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 caused Qwatio to lose $25.8 million.
Qwatio experienced a similar situation in June, liquidating various long and short positions eight times and losing $12.5 million.
But Qwatio didn’t lose all the time. He made over $10 million in profits on TRUMP and MELANIA. Accordingly, Qwatio opened a long position before Trump’s announcement of Bitcoin and cryptocurrency reserves, making a $6.8 million profit on MELANIA and a $3.5 million profit on MELANIA.
Gambler @qwatio’s massive short positions worth $334M were fully liquidated in just 3 hours, including: 1,743 $BTC ($211M), 33,743 $ETH ($102.3M), and 15M $FARTCOIN ($20.6M).
His wallet (0x916E) is now down nearly $25.84M in total losses. https://t.co/RwVCmLe4rK pic.twitter.com/Ed1jXyaYEY
— Lookonchain (@lookonchain) July 14, 2025
*This is not investment advice.
