BTC Hits $110K — Alleged Insider @qwatio Forced to Dump 166.66 BTC, 1,200 BTC 40x Short Now $1.38M Underwater

BTC

BTC/USDT

$71,354.77

+3.55%

$71,354.77

+3.55%

(24s)

24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short

65.5%

Long: 65.5%Short: 34.5%

Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$71,351.87

▲ 2.98%

Volume (24h): -

Resistance Levels

Resistance 3$79,008.03

Resistance 2$75,548.63

Resistance 1$72,179.52

Price$71,351.87

Support 1$70,589.27

Support 2$67,300.00

Support 3$62,909.86

Pivot (PP):$70,598.27

Trend:Downtrend

RSI (14):35.3

COINOTAG News (September 27) reported that monitoring systems identified an address allegedly linked to the account “@qwatio” that was forced to reduce holdings by 166.66 BTC, realizing a reported loss of $223,000. The data indicate the residual position currently shows a reported floating loss of $1,384,000, based on the disclosed leverage and prices.

On-chain metrics provided in the report detail a large BTC 40x short position holding 1200 BTC (approximately $131 million) with an entry at $108,855.4 and a liquidation price near $110,393.4, and an XRP 20x short with entry at $2.71 and liquidation at $3.04. Traders should monitor liquidation thresholds and leverage exposure as part of risk management.