Recent events in the crypto market have drawn the attention of investors, including the liquidation of short positions and major BTC transfers. Data indicates that the actions of insiders and investors are influencing market movements.
Liquidation of @qwatio's Short Positions
According to analyst Yu Jin, the short positions of @qwatio, known as the 'insider whale,' were liquidated again during the recent crypto market rally. This investor, who has faced liquidations multiple times, continues to open short positions despite the high risks.
Current Market Position Status
As of July 3, @qwatio's position amounted to $43.68 million, but after a partial recovery, he added short positions again following a slight pullback in Bitcoin price. Currently, the collateral on the $16.28 million short position is only $800,000, leading to a total loss of $15.48 million. The remaining position after the latest liquidations totals $47.34 million.
Transfers to Kraken and Conclusions
According to data from the chain analysis platform Arkham, a wallet believed to be associated with Abraxas Capital transferred 1,000 BTC (approximately $108.23 million) to the Kraken exchange. It is unclear whether this is related to a future sale or other intentions.
The situation in the crypto market remains volatile, with active behavior from insiders and significant capital transfers. These factors may influence future market movements.
