On-Chain Analyst Flags $1.14M BTC Short Loss by Suspected Insider Trader
Trader @qwatio’s $3.55 million XRP short loss was followed by a high-risk $59.89 million Bitcoin short with 95x leverage, demonstrating the volatility of leveraged crypto trades.
BTC
XRP
USDC
Summary
On October 1, 2025, on-chain analyst Yujin revealed that trader @qwatio closed a $3.55 million loss on an XRP short on Hyperliquid. The trader then transferred 668,000 USDC to GMX and opened a highly leveraged $59.89 million Bitcoin short position, facing liquidation risk at $115,131.
Terms & Concepts
- Leverage: The use of borrowed capital to increase the potential return of an investment, amplifying both gains and losses.
- Short Position: A trading strategy where an investor borrows an asset to sell it, aiming to repurchase it at a lower price to profit from the price difference.