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- 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
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Bitcoin's Sudden Surge Hit the Huge TRUMP Whale Hard! The Unlucky Whale Lost Big in Bitcoin, Ethereum, and This Altcoin!
The leading cryptocurrency Bitcoin (BTC) started the crypto week in the US with a rise. While the BTC price surpassed 123 thousand dollars, it left investors expecting a get dumped in the lurch.
At this point, according to Coinglass data, $622 million worth of short positions were liquidated in the last 24 hours.
Traders who expected a drop in Bitcoin and opened short positions after last week's ATH incurred significant losses.
One of them was the trader named Qwatio, following the big whale James Wynn, who completely wiped out 100 million dollars.
Although not as much as Wynn, Qwatio also experienced a significant loss.
According to Lookonchain's share, the massive short positions of the investor named Qwatio, worth 334 million dollars, were completely liquidated in just 3 hours.
Among these short positions, there were transactions worth 1.743 Bitcoin (211 million dollars), 33.743 Ethereum (102.3 million dollars), and 15 million FARTCOIN (20.6 million dollars).
The liquidations in BTC, ETH, and FARTCOIN short positions caused Qwatio to lose 25.8 million dollars.
Qwatio had experienced a similar situation in June, getting liquidated 8 times in various long short positions and losing 12.5 million dollars.
However, Qwatio did not always lose. It had made over 10 million dollars in profits with TRUMP and MELANIA. Accordingly, Qwatio had opened a long position before Trump announced his Bitcoin and cryptocurrency reserves and had gained 6.8 million dollars in TRUMP and 3.5 million dollars in MELANIA.