Eightfold Liquidation for `qwatio` Trader

According to Lookonchain, a trader operating under the pseudonym `qwatio` has suffered an eighth consecutive liquidation within the past week, resulting in a cumulative loss exceeding $12.5 million.

The latest incident occurred on Monday, involving a partially liquidated Ethereum (ETH) long position leveraged 25x at a $2,534 liquidation price. ETH was reported trading between $2,425-$2,519 throughout the preceding 24 hours.

Less than a week prior, Lookonchain indicated that `qwatio` faced six liquidations, three days apart, leading to a $10 million loss.

Shift from Profit to Loss

Despite recent setbacks, Lookonchain reports that `qwatio` previously navigated high-risk trades successfully. The trader achieved a $6.8 million profit in March by initiating long positions on ETH and BTC shortly before President Trump’s crypto-related executive order. The analysis also noted a $3.46 million profitable position on Melania Trump’s memecoin MELANIA, leveraged a (not specified) times.

Separately noted was an earlier incident where `qwatio` reportedly defended a 40x leveraged Bitcoin long position by adding margin after facing liquidation attempts.

James Wynn Deploys 40x Short

Prominent trader James Wynn, known for both significant gains and steep losses, initiated a new $37,000 short position on Bitcoin, leveraged 40x, according to Lookonchain. The initial liquidation price was set at roughly $108,630.

Wynn adjusted his position later that day, closing the short (after BTC dipped momentarily below $107,250) and then establishing a long position worth $44,466. BTC saw fluctuation between $107,228 and $108,771 in the subsequent hours.

A persistent theme for Wynn is his courted practice of deploying highly leveraged (often 40x or higher) positions, despite previous setbacks including nearly $100 million lost in May, $25 million last week, and previous whispers of a larger $300 million bet being concealed under a different wallet to evade “whale hunters.”

Other Traders Participate in Crypto Market

The data also mentions another trader who achieved significant results recently, reportedly turning $6,800 into approximately $1.5 million in profit. Notably, this trader represented over 3% of a major exchange’s maker-side liquidity during a two-week period.

This account generated $1.4 billion in trading volume, consistently making the top contributions to the exchange’s maker fee pool.