According to Blockchain Analytics Service Lookonchain, the unfortunate trader was liquidated eight times last week.
Traders saw a total loss of $12.5 million under the handle Qwatio. In its latest liquidation on Monday, Lookonchain said Qwatio was partially liquidated due to its 25x leveraged ether (ETH) position.
The new liquidation price is set at $2,534, with ether drifting between $2,425 and $2,519 over the last 24 hours.
The Bitcoin position suffered a similar fate, and was partially liquidated, with the new liquidation price set at $109,170.
Just a few days ago, Lookonchain said Qwatio had been liquidated six times in just three days, losing a total of $10 million at that time.
Down after making a profit earlier
Qwatio was able to make a profit in March after a long time going to ether and bitcoin with 50x leverage just before President Donald Trump announced an executive order to create a crypto sanctuary.
In another trade in March, Qwatio opened a $3.46 million position with 50x leverage to Melania Trump’s memokine Melania in the US, and successfully defended the Bitcoin position, leveraging 40x leverage by adding more margins after the whale hunters tried to liquidate it.
James Wynn opens 40x leveraged bitcoin short
Meanwhile, James Wynn, a hundred million crypto trader known for losing $1 billion in risky trades, has also opened up a small Bitcoin position.
Lookonchain said in an X post on Sunday that Wynn has returned with a 40x leveraged Bitcoin (BTC) short position of just $37,000 and a liquidation price of $108,630.
On the same day, Winn flipped his position over when Bitcoin was $107,250, closing his short and proceeded longer at $44,466 instead. Bitcoin has been drifting between $107,228 and $108,771 over the last 24 hours.
Wynn is known for making important bets on the code. He was liquidated in late May for almost $100 million and again on June 4th for $25 million.
He may also have been responsible for a $300 million leveraged Bitcoin bet on June 10 under an anonymous account to avoid whale hunters who claimed they were trying to liquidate his position.
Related: Hyperliquid Trader James Wynn is “all-in” with $12.5 billion in Bitcoin length
Another trader will also pay cash
Another little-known crypto trader recently managed to trade crypto after turning $6,800 into a $1.5 million profit, while accounting for more than 3% of the manufacturer’s liquidity in major crypto exchanges.
Over the course of two weeks, the account recorded trading volumes of $1.4 billion, consistently ranked in the total manufacturer volume of the exchange.
Magazine: Bitcoin $110K ‘Bull Trap’ Concerns, James Wynn loses $25 million BTC: Hodler’s Digest, June 1st to 7th
