Trader Qwatio has suffered large losses after liquidating short positions on BTC and ETH on the Hyperliquid platform. A total of 23 liquidations led to losses amounting to $51 million.
Overview of Qwatio's Liquidations
Hyperliquid user Qwatio has been liquidated on $51 million worth of BTC and ETH shorts. The trades collapsed after entering high-risk positions during price dips, forced closed due to market reversals.
Details of Positions and Losses
The liquidation was confirmed in the trade history, showing a closed 282.828 BTC short at $108,370, incurring a $505,452 loss. Simultaneously, 8,282.8282 ETH was liquidated at $2,487, resulting in an additional $318,367 loss, bringing total realized losses to over $823,000.
Analysis of Trading Behavior
Multiple BTC short positions were opened between $105,758 and $106,317, while ETH exhibited similar behavior with large positions opened at $2,448 and $2,487. These repeated entries underscore the high risk associated with aggressive shorting.
Trader Qwatio's situation illustrates the importance of prudent risk management in cryptocurrency trading.
