「Insider Trader」 Goes Short Twice, Loses Over $24.7 Million

BlockBeats News, July 14th. According to @EmberCN's monitoring, within an hour and a half, the short position of "insider trader" @qwatio was forcibly liquidated for $210 million. The remaining short position is now only $58 million, with the remaining margin being only $1.58 million.

"His previous $26 million profit has now been almost completely lost as he has already lost around $16.27 million from the last short and another $8.46 million from this short.

Currently, he is basically only holding a short position in BTC. After moving all his margin to the BTC short, his BTC short cost has risen to $121,176. It seems that this brother has placed all his last hopes on this BTC short."