BTC Insider @qwatio’s 95x GMX Short Liquidated to $49K in 1.5 Hours, On-Chain Analyst Reports

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 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.

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