if it isn't @qwatio, the Hyperliquid trader who just can't seem to stop pushing the limits — and getting wrecked in the process. This weekend, they were liquidated five times. And not just a little, but a whopping $15.67 million. Yes, you read that right—almost $3.7 million was lost in just the past week.

Let’s break it down: Qwatio, the self-proclaimed gambler, was aggressively shorting Bitcoin (BTC) and Ethereum (ETH) as they hit sessional lows. Spoiler alert: that didn't work out too well. It worked out so badly that 387 BTC ($42.18K) and 2,990 ETH ($7.65 million) got liquidated in total. I mean, that’s not just a bad day in the market; that's the kind of disaster that makes crypto traders start considering early retirement.

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Meanwhile Qwatio. Source: Giphy

To put it bluntly, Qwatio’s account went from a hefty $16.28 million to a measly $610K. That’s a $15.67 million hit. Ouch. I think it’s safe to say, that shorting the lows isn’t always the best move, no matter how many zeros are attached to your leverage.

Short the Lows, Get Liquidated, Repeat

In my opinion, Qwatio’s trading style is a bit like a James Wynn reboot: aggressive, risky, and, apparently, reckless. They’ve been betting big on BTC and ETH shorts at what seemed like the perfect moment, but with leverage that would make a sane person sweat. We’re talking 50x leveraged positions, right before major market-moving events like when U.S. President Trump signed an executive order to create a crypto reserve. If there’s one clear thing, it’s that Qwatio has an appetite for big risks, and that appetite seems to be pushing them straight into liquidation hell.

Interestingly, earlier this year, Qwatio was on the long side, trading aggressive BTC and ETH long positions. Talk about a flip! Now they're riding the short train, and I don’t think the market’s been too kind.

Crypto Market Gets Crushed, Too

And let’s not pretend that Qwatio is the only one feeling the heat. According to CoinGlass data, the whole market had a bit of a rough patch. Over the last 24 hours, a total of $50 million in ETH and $31 million in BTC short positions were liquidated across the market. That’s a lot of pain for a weekend, folks.

I can't help but wonder if Qwatio is going to try this shorting-the-lows strategy again, or if they’ll go back to the drawing board and start playing with less leverage. For now, though, they’re probably looking at their $610K and wondering where it all went wrong.

All in all, I think Qwatio is living proof that, while the crypto market might reward the bold, it doesn't make it easy. I’d say their next move might involve a bit more caution, but hey, you never know in this game.

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