The crypto trader was liquidated 8 times in a week.

Qwatio, a trader who has been frequently talked about in the crypto world lately, was unable to reduce his losses no matter what he did in the past week. In fact, he even increased them... While Qwatio has lost a total of 12.5 million dollars, his latest position liquidation occurred today.

Opened with 25x leverage, lost

In the last 24 hours, Ether fluctuated between 2425 dollars and 2519 dollars, but the rise did not continue, and the trader's liquidation price became 2534 dollars. The Ethereum position opened by Qwatio with 25x leverage was partially liquidated. This person also experienced a loss in their Bitcoin position, and the liquidation price here was 109,170 dollars.

He had made 6.8 million dollars with the Trump decision.

One of the most talked-about periods for Qwatio was March. The trader, who was discussed not only for losses but also for gains, had opened a "long" position with 50x leverage on Bitcoin and Ethereum just before Trump's executive order to create a crypto reserve, earning 6.8 million dollars. This situation even sparked debates about whether he was an "insider" or not.

The system that enabled these large transactions on Qwatio was the leveraged trading mechanism of the Hyperliquid platform. As is known, the platform allowed the use of high leverage with low collateral.

Allowed the liquidation of 160 thousand ETH

Qwatio had allowed the liquidation of the ETH position worth approximately 300 million dollars at that time. The trader, who withdrew all profits from Hyperliquid, had no collateral left to defend his 160,000 ETH position, resulting in its liquidation. This significant loss was covered by Hyperliquid's liquidity provider system, HLP (Hyperliquidity Provider). After the incident, the platform reduced the leverage ratio for ETH to 25x.

The Jelly incident had also started with him.

Qwatio's actions have practically "showed the way" to other traders... Especially, the price of the altcoin named $JELLY was manipulated to target similar gains, and HLP suffered losses again. There were even discussions that Hyperliquid would collapse and go bankrupt. But the feared did not happen...

Made millions from MELANIA as well

The coins issued by Donald Trump for both himself and his wife Melania Trump had also caused a great controversy in the crypto world. Especially the allegations of "insider trading" put forward for the MELANIA coin were not the kind that could be easily dismissed.

Here, Qwatio has also earned millions of dollars. Two of the wallets known to belong to Qwatio have made profits of over 10 million dollars.

So the big player, the big winner and loser Qwatio has closed this week with a loss of 12.5 million dollars.

Published: June 30, 2025 13:18