The post Hyperliquid trader suffers five liquidations and loses $3.7M appeared on BitcoinEthereumNews.com.

A trader on the Hyperliquid platform known by the pseudonym Qwatio on X has suffered massive losses after repeatedly shorting Bitcoin (BTC) and Ethereum (ETH) during the recent market upswing. The trader was liquidated five times over the weekend alone, bringing the total number of liquidations to ten in the span of just a few days. According to crypto market activity tracker Lookonchain, Qwatio placed highly leveraged bets against BTC and ETH, which led to the loss of approximately $3.7 million in the last week.  Data from CoinGlass shows a total of 387 BTC worth about $42.18 million and 2,990 ETH valued at $7.65 million were liquidated from Qwatio’s account. Once holding a balance of $16.28 million, the account is now just worth $610,000, recording a $15.67 million in realized losses. Hyperliquid trader makes losses after Q1 bull run The trader had opened $200 million worth of 50x leveraged short positions on BTC and ETH just hours before US President Donald Trump signed an executive order establishing a national crypto reserve in March.  The market had seen the order as bullish, and pushed crypto markets alongside BTC to highs, triggering Qwatio’s early losses. They are also known for having held a large position in the Melania coin during its initial launch earlier in 2025. After losing thousands of dollars Qwatio continued shorting the two largest coins by market cap into the second quarter of the year. On July 4, after already being liquidated 10 times, the trader opened another short position against Bitcoin, betting 21 BTC valued at $2.3 million while the asset was trading at $109,135, just $2,000 down from its all-time high level.  The coin has since dropped to $108,993, and Qwatio will be hoping it goes further down against the predictions of analysts, who have asserted that…

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Filed under: News - @ July 7, 2025 10:25 am