Hyperliquid Trader Qwatio Takes $3.7 Million Loss Amid Extreme Bitcoin and Ether Shorts

A Hyperliquid trader known as Qwatio has faced significant losses this past week, dropping nearly $3.7 million after placing aggressive short positions on both bitcoin (BTC) and ether (ETH), according to on-chain data.

At present, Qwatio is holding a 40x leveraged short position on BTC and a 25x leveraged short on ETH.

Over the weekend alone, Qwatio was liquidated five times, as BTC and ETH prices surged to $108,200.53 and $2,557.21, respectively.

Qwatio has become known for a high-risk trading style similar to that of James Wynn, previously focusing on long trades in BTC and ETH earlier this year. This latest strategy shift toward shorting marks a significant reversal from their earlier bullish stance.

Qwatio first caught the attention of Crypto Twitter earlier in 2025 after opening massive 50x leveraged positions in BTC and ETH worth $200 million, just hours before U.S. President Donald Trump signed an executive order establishing a national crypto reserve—a move that ultimately triggered a major market rally.

Beyond bitcoin and ether, Qwatio also held a significant position in the Melania memecoin during its launch earlier this year.

Meanwhile, broader crypto markets have witnessed liquidations totaling about $50 million in ETH shorts and $31 million in BTC shorts in the past 24 hours, according to data from CoinGlass, reflecting ongoing volatility in the crypto derivatives space.

About The Author

ctleditor

See author's posts