According to @EmberCN, a prominent trader known as @qwatio experienced a major liquidation event after the US stock market surge, reducing their leveraged BTC position from $3 billion to $1.05 billion. The trader not only lost the $11.22 million unrealized gains from the previous day but also suffered a $1 million principal loss. This incident mirrors the trading behavior and outcomes previously seen with @AguilaTrades, highlighting the risks of aggressive leverage in crypto trading. The event underscores the direct impact of US stock market volatility on large BTC positions, acting as a cautionary signal for traders monitoring crypto and equity market correlations. Source: @EmberCN.