Hyperliquid whale loses $15 million due to sharp market growth
Date: 2025-07-04 Author: Henry Casey Categories: CRYPTO PAYMENTS
A major player under the nickname Qwatio faced serious losses after a series of unsuccessful bets against Bitcoin and Ethereum. In one day, the crypto market gained almost 2%, which was a complete surprise for him. This led to the liquidation of his positions on Hyperliquid and the loss of significant amounts.
The market was influenced by the agreement between the US and Vietnam on tariff reduction, which became a positive signal for investors. As a result, Bitcoin has risen by more than 2% over the past 24 hours to $110,042, while Ethereum has strengthened by 6% to $2,601.
According to Lookonchain, Qwatio has lost 1,177 BTC worth about $128.3 million and 34,466 ETH, valued at almost $87 million, in a short period of time. Over the past ten days, his total loss has exceeded $15 million. The main reason is an aggressive short strategy with high leverage. When prices fell, it brought profit, but an unexpected rise in the rate wiped out the trader's calculations. In June alone, he experienced more than twenty liquidations.
Qwatio was not the only one who could not withstand the market dynamics. Lookonchain analysts also reported another market participant with a wallet "0xFa5D...". This trader first opened a long position on Ethereum, losing $3.55 million. Trying to recoup the loss, he shorted $15.66 million USDC with 10x leverage two hours later, but lost another $3.28 million.
High leverage remains one of the riskiest strategies in the crypto market. An example of this is the famous Hyperliquid whale James Wynn, who lost more than $100 million. Despite impressive losses, he continues to open new positions. According to Hyperdash, his last long brought a profit of just over $6,500.
Amid the failures of some, some players still find an opportunity to make money. BeInCrypto recently reported on a user who avoided risky bets and turned just $6,800 into $1.5 million by acting more carefully and wisely distributing risks.
For those who want to stay informed and share experiences, BeInCrypto invites you to join the Telegram group. There, traders discuss the market, share strategies, and get analytics from experts.
The story of Qwatio and other traders once again reminds us that the crypto market is unpredictable, and using high leverage requires cold calculation and readiness for serious losses.
