COINOTAG News reported on October 1 that on‑chain data analyst Yu Jin identified the liquidation of an insider trader @qwatio position: a 95x leveraged BTC short executed on the GMX platform.
According to the on‑chain analysis, the highly leveraged short was reduced to approximately $49,000 in not more than 1.5 hours, reflecting an expedited margin event rather than an extended deleveraging process.
The account-level metrics cited are derived from verifiable on‑chain data; market participants are advised to incorporate these verified figures into their risk management and position‑sizing frameworks rather than relying on speculative interpretations.