Insider Whale’s Short Positions Liquidated Again

According to data from onchain analyst Yu Jin, the short positions of @qwatio, known as the “insider whale,” were liquidated again during the crypto market rally.

This investor, who has faced liquidation many times before, continues to open short positions until all of his collateral is depleted.

@qwatio, whose position had dropped to $43.68 million on July 3, managed to recover some and added to his positions as Bitcoin price pulled back slightly.

However, the collateral for the $16.28 million short position he opened is currently only $800,000, leading to a total loss of $15.48 million.

The remaining position after the latest liquidations stands at $47.34 million:
– 40x short position of 368 BTC: worth $40.05 million.
– Opening price: $107,724
– Liquidation price: $109,196
– 25x short position of 2846 ETH: valued at $7.28 million.
– Opening price: $2,452
– Liquidation price: $2,611

Additionally, according to chain analysis platform Arkham, a wallet believed to be associated with Abraxas Capital transferred 1,000 BTC (approximately $108.23 million) to the Kraken exchange. The purpose of the transfer remains unclear.

This is not investment advice.