Between 11:42 AM and 1:24 PM UTC, Qwatio’s high-risk shorts were forcefully closed as the market surged.

His liquidated assets included 1,743 BTC ($211M), 33,743 ETH ($102M), and 15 million FARTCOIN (~$20M). Factoring in trading fees, his net loss reached approximately $25.8 million.

The meltdown followed Bitcoin’s explosive rally past $123,000, triggering a wave of liquidations across bearish positions. Qwatio had heavily bet against the market, and as prices climbed, his collateral eroded, prompting exchanges to forcibly close his trades.

This wasn’t his first loss. Just two days earlier, he suffered a similar blow—losing another $98 million in short positions across BTC, ETH, and FARTCOIN due to comparable market misjudgment.

Qwatio’s repeated overleveraging has made him a cautionary tale amid crypto’s renewed volatility.

The post How One Bet Cost This Trader Hundreds of Millions appeared first on Coindoo.

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Filed under: Bitcoin - @ July 15, 2025 5:00 am