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- Gate Futures Trading Incentive Program is Live! Zero Barries to Share 50,000 ERA
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Dare to trade. Dare to win.
It's really tragic! Trader Qwatio was liquidated 8 times in a week, losing 12.5 million dollars.
According to Gate News bot, a blockchain analysis service Lookonchain stated that last week an unfortunate trader was liquidated eight times.
The trader named Qwatio lost a total of 12.5 million dollars. In the latest liquidation on Monday, Qwatio was partially liquidated on a 25x leveraged Ethereum position.
The new settlement price is set at 2,534 USD, while ETH has fluctuated between 2,425 USD and 2,519 USD in the past 24 hours.
Bitcoin positions also faced some liquidation, with the new liquidation price set at $109,170. Just a few days ago on Thursday, Lookonchain reported that Qwatio was liquidated 6 times in just 3 days, with a total loss of $10 million.
Just before U.S. President Donald Trump announced the executive order to establish a cryptocurrency reserve, Qwatio successfully profited $6.8 million in March by going long on Ethereum and Bitcoin with 50x leverage.
In another transaction in March, Qwatio also went long on the memecoin MELANIA, associated with First Lady Melania Trump, with 50x leverage, building a position worth $3.46 million. After the "whale hunters" attempted to liquidate, Qwatio successfully maintained a 40x leveraged Bitcoin position by adding margin.