Insider Trader @qwatio Shorts $59.89M BTC at 95x After $3.55M XRP Loss; Funds Moved from Hyperliquid to GMX
BTC/USDT
$17,366,629,629.18
$71,554.95 / $68,531.50
Change: $3,023.45 (4.41%)
-0.0023%
Shorts pay
COINOTAG reported on October 1, citing Ember Monitor, that the account labeled “Insider Trader” @qwatio closed a long position in XRP on Hyperliquid, registering a realized loss of $3.55 million.
According to the same monitoring data, the account withdrew the remaining 668,000 USDC, moved those funds to GMX and subsequently opened a $59.89 million short on BTC using 95x leverage, representing a significant leveraged directional exposure.
Market observers note that concentrated transfers and extreme leverage materially increase liquidation risk and counterparty exposure; these reported flows warrant monitoring by exchanges, institutional risk teams and on‑chain analysts for potential market impact.