Trader @qwatio's aggressive leveraged short positions in Bitcoin and Ethereum faced severe liquidations, leading to a staggering loss of nearly $18 million.
Insider trader @qwatio suffered a loss of $17.89 million after their 40x leveraged Bitcoin short and 25x leveraged Ethereum short positions were liquidated on Hyperliquid. This incident highlights the significant risks of high-leverage trading in the cryptocurrency market.