The post BTC Whale @qwatio Closes Short Position, Nets $1.97 Million Profit Amid Market Drop appeared on BitcoinEthereumNews.com.

According to Ashes Monitor, the prominent trader known as the “50x Contract Whale” @qwatio successfully closed his Bitcoin short position early this morning, securing a substantial profit of $1.97 million. Initially, @qwatio deployed $7.3 million in margin to short BTC against James, though the position experienced significant drawdowns, dropping below $1 million at one point. On June 13, he strategically increased his exposure with an additional $107,766 position cost. As Bitcoin’s price continued its downward trajectory, @qwatio exited the trade when BTC fell below the $100,000 threshold, effectively recouping prior losses and generating notable gains. This transaction contributes to his impressive track record, having amassed $26 million in profits this year through three distinct addresses on the Hyperliquid platform. Such activity underscores the growing sophistication and scale of leveraged trading within the cryptocurrency derivatives market. ‘, ‘ 🔒 Secure and Fast TransactionsDiversify your investments with a wide range of coins. Join now! ‘, ‘ 💎 The Easiest Way to Invest in CryptoDont wait to get started. Click now and discover the advantages! ‘ ]; var adplace = document.getElementById(“ads-binance”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex; adplace.innerHTML = adscodesBinance[adsindex]; sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBinance”, sessperindex); } })(); Source: https://en.coinotag.com/breakingnews/btc-whale-qwatio-closes-short-position-nets-1-97-million-profit-amid-market-drop/

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Filed under: News - @ June 23, 2025 12:04 am