The post Trader Liquidated Eight Times In A Week appeared on BitcoinEthereumNews.com.

An unlucky trader was liquidated eight times in the last week, according to blockchain analytics service Lookonchain.  The trader, under the handle qwatio, saw a total loss of $12.5 million. In the latest liquidation on Monday, Lookonchain said qwatio was partially liquidated for an Ether (ETH) position that was leveraged by 25X. A new liquidation price was set for $2,534, and Ether has been drifting between $2,425 and $2,519 in the last 24 hours.  Source: Lookonchain The Bitcoin position suffered a similar fate and was partially liquidated, with a new liquidation price set at $109,170.  Only days before, on Thursday, Lookonchain said qwatio had been liquidated six times in just three days, losing $10 million in total at that point. Down after previously making a profit  Qwatio previously managed to net a profit in March Lookonchain said, after going long on Ether and Bitcoin with 50x leverage right before US President Donald Trump announced the executive order to create a crypto reserve, netting $6.8 million in profit.  In another trade during March, qwatio also opened a $3.46 million position with 50x leverage on US First Lady Melania Trump’s memecoin MELANIA and successfully defended a Bitcoin position leveraged 40x by adding more margin after whale hunters tried to liquidate it.  James Wynn opens 40X leveraged Bitcoin short Meanwhile, multimillionaire crypto trader James Wynn — who famously lost $1 billion on risky trades — has also opened a small short Bitcoin position. Lookonchain said in an X post on Sunday that Wynn was back with a 40x leveraged Bitcoin (BTC) short position of just $37,000 and a liquidation price of $108,630, which could have potentially netted him $1.49 million if it paid off.   Later that same day, Wynn flipped his position when Bitcoin was at $107,250, closing the short and instead going…

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Filed under: News - @ June 30, 2025 12:25 pm