In one of the largest single-day liquidation events this year, a trader known as “Qwatio” lost over $300 million in leveraged crypto positions within just three hours on Monday, on-chain data reveals.
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.
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.
Kosta Gushterov
Reporter at Coindoo
Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.
Source: https://coindoo.com/how-one-bet-cost-this-trader-hundreds-of-millions/