An aggressive crypto trader operating under the alias “qwatio” has reportedly been wiped out in a series of high-leverage losses, according to on-chain data from Lookonchain.
Over the past week, the trader was liquidated eight times, with total losses climbing to $12.5 million.
The latest setback came on Monday, involving a 25x leveraged Ethereum position. With ETH struggling to hold ground around $2,450, the trader’s new liquidation level is now set at $2,534 — dangerously close to recent price action. A similar fate hit their Bitcoin trade, now threatened at $109,170.
Just days earlier, Lookonchain had flagged six liquidations in under 72 hours for the same trader. Despite a profitable streak in March — including leveraged wins on ETH, BTC, and even a memecoin tied to Melania Trump — qwatio’s recent trades have taken a sharp turn.
Meanwhile, controversial trader James Wynn resurfaced with a 40x short on Bitcoin, targeting a big payday from a relatively small $37,000 position. However, he reversed course within hours, flipping to a long as BTC dipped toward $107,000. Wynn is no stranger to extreme risk — past trades have cost him hundreds of millions, including a suspected $300 million stealth position earlier this month.
Amid the volatility, one unknown trader has quietly outshined both. Starting with just $6,800, they turned it into $1.5 million by contributing over 3% of maker-side liquidity on a major exchange — clocking $1.4 billion in volume over two weeks.
In crypto’s high-stakes arena, fortunes can swing fast — and not always in the direction traders hope.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is passionate about questions of meaning. He is a fluent German speaker as well as He has been in the crypto space for more than three years and has an eye for spotting emerging trends in the world of digital currencies. Whether providing in-depth analysis or reporting on all topics on a daily basis, his deep understanding and enthusiasm for what he does makes him a valuable addition to the team.
Source: https://coindoo.com/trader-loses-12-5m-in-a-week-while-high-stakes-crypto-bets-backfire/