According to @EmberCN on X (source: x.com/EmberCN/status/1971745312449716456), trader @qwatio reduced a BTC short by 166.6 BTC to avoid a $110,399 liquidation level during a rebound, realizing a $220,000 loss. According to @EmberCN on X (source: x.com/EmberCN/status/1971745312449716456), after the reduction, a remaining 1,200 BTC short position valued at approximately $131 million shows a new liquidation price of $110,455, which @EmberCN stated was within $1,000 of spot at the time. According to @EmberCN on X (source: x.com/EmberCN/status/1971745312449716456), the referenced position can be tracked via the address shared by @EmberCN here: hyperbot.network/trader/0x9018960618eFF55F5852e345B7Cb5661fd2928e1 (source: hyperbot.network/trader/0x9018960618eFF55F5852e345B7Cb5661fd2928e1).

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.