According to @lookonchain, a highly-leveraged trader on the Hyperliquid platform known as Qwatio has incurred losses of nearly $3.7 million this past week due to aggressive short positions on Bitcoin (BTC) and Ether (ETH). On-chain data reveals the trader was liquidated five times over the weekend by opening short positions when BTC and ETH were at sessional lows, a strategic shift from their previous bullish long positions. This high-risk trading activity occurs amidst a broader market trend where, according to CoinGlass data, $50 million in ETH and $31 million in BTC short positions were liquidated across all exchanges in the last 24 hours.

According to @EmberCN, two renowned whale traders, @JamesWynnReal and @qwatio, have taken directly opposing positions in Bitcoin futures. James Wynn increased his 40x leveraged long position to 7,764 BTC, valued at approximately $8.3 million, while @qwatio established a significant short position at the same time. Both traders have a strong track record of high win rates and profitability in BTC trading, suggesting heightened volatility and potential for sharp price movements in the near term (source: Twitter/@EmberCN, May 21, 2025). This face-off between heavyweight traders is likely to draw increased attention from institutional and retail crypto market participants, potentially amplifying liquidity and short-term trading opportunities.