The post How One Trader Blew $12.5M, In an Ethereum Trading Nightmare appeared on BitcoinEthereumNews.com.

Key Insights: qwatio lost $12.5 M across eight liquidations in a week. A 25× ETH position blew at a $2,534 liquidation price. Whale hunters attacked leveraged BTC and ETH bets. Another trader turned $6.8 K into $1.5 M in two weeks. Crypto trading nightmares hit home this week as one anonymous account lost $12.5 million across eight liquidations. Underscoring the perils of high‑leverage positions in volatile markets. Blockchain analytics service Lookonchain reported that trader “qwatio” was liquidated eight times in the seven days. This happened between till June 30, 2025, for a cumulative loss of $12.5 million. The string of forced closures began with six liquidations between June 23 and June 26. Thus, wiping out roughly $10 million of margin at that point. Ethereum Bet Faces 25X Leverage Blowout In the latest liquidation on Monday, a 25X‑leveraged Ethereum (ETH) position was partially closed at a price of $2,534, as ETH traded between $2,425 and $2,519 over the prior 24 hours. That position alone accounted for a multimillion‑dollar loss. The same account’s Bitcoin (BTC) position was also margin‑called, with a new liquidation price set at $109,170 per coin. Source: LookOnChain The June carnage starkly contrasts with March’s results, when qwatio posted a $6.8 million profit in a single day. At that time, the trader executed a 50×‑leveraged long on ETH and BTC just before President Trump’s March 9 executive order to create a crypto reserve, securing gains amid a market surge. The same month saw a $3.46 million 50× position on the MELANIA memecoin and a defended 40× BTC bet, illustrating the trader’s appetite for extreme leverage. Lookonchain has noted that “whale hunters”—entities that track and trigger liquidations on high‑value positions—have focused on qwatio’s trades, amplifying the account’s losses. Traders often add margin to stave off forced closures, but in this cycle, rapid price swings and coordinated targeting proved too much. Bitcoin’s consolidation around…

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Filed under: News - @ July 1, 2025 1:22 pm