Back

Trader @qwatio Transfers $2.98 Million USDC to Hyperliquid for Short Positions

Insider trader @qwatio's leveraged short positions on BTC and ETH yield unrealized profits exceeding $3.3 million, reflecting a strategic market move.

BTC
ETH
USDC

Summary

Insider trader @qwatio has opened leveraged short positions on Bitcoin (BTC) and Ethereum (ETH) after transferring $2.98 million USDC to Hyperliquid. Currently, these positions are showing over $3.3 million in unrealized profits, with a 40x short on 1,111 BTC and a 25x short on 4,141 ETH. The liquidation prices are set at $118,333 for BTC and $4,385 for ETH, indicating a high-stakes trading strategy.

Terms & Concepts
  • USDC: A stablecoin pegged to the US dollar, used for digital transactions and trading.
  • short position: An investment strategy where a trader borrows an asset and sells it, expecting to buy it back at a lower price to profit from the difference.
  • liquidation price: The price at which a trader's position will be automatically closed to prevent further losses.