Insider trader @qwatio’s 40x BTC short position is once again partially liquidated, with the remaining position also on the verge of liquidation

BlockBeats News, July 2 — According to on-chain data analyst Ember, the trader known as the "insider trader" @qwatio has once again had their short positions forcibly liquidated.

Reportedly, after increasing their short positions yesterday, BTC pulled back to the $105,500 level. At that time, their short position was close to breaking even, but they did not close it. After BTC rebounded tonight, their short position was once again liquidated, resulting in a forced liquidation of $50 million.

Currently, their short position has been reduced from $250 million to $200 million due to liquidation, and the remaining position is still on the verge of being liquidated. The current situation is as follows:

· 40x short on 1,131 BTC, valued at $122 million, entry price $106,697, liquidation price $108,768;

· 25x short on 33,000 ETH, valued at $82.58 million, entry price $2,452, liquidation price $2,508.