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

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.