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 been liquidated many times before, seems to continue opening short positions until all of his collateral is melted. @qwatio, whose position had dropped to $43.68 million on July 3, recovered some of his position and added positions again as the Bitcoin price pulled back slightly. However, the collateral on the $16.28 million short position he opened is currently only $800,000, with the total loss on this position calculated at $15.48 million. The remaining position size after the latest liquidations is $47.34 million: 40x short position of 368 BTC: worth $40.05 million. The opening price is $107,724, and the liquidation price is $109,196. 25x short position of 2846 ETH: $7.28 million value. Opening price $2,452, liquidation price $2,611. On the other hand, according to data from 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. It is not known whether the transfer was for sale. *This is not investment advice. Continue Reading: Chinese Analyst Exposes Big Short Whale: About to Sink! Here Are Their Positions
