Suspected Insider @qwatio 40x BTC Short Now $1.146M Underwater and Approaching Liquidation
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 September 26 that on-chain analyst Ai Auntie (@ai_9684xtpa) flagged an address affiliated with @qwatio that executed a 40x short on BTC, now showing an unrealized loss of $1.146 million and with no available margin as it nears its liquidation price.
On-chain position specifics show a BTC 40x short with an entry price of $108,855.40 and a liquidation price at $110,284.60, alongside an XRP 20x short entered at $2.71 with liquidation set at $3.08.
Such concentrated high-leverage exposure increases the probability of forced deleveraging; market participants and risk teams should prioritize margin surveillance and liquidity evaluation to manage tail-risk and potential execution impacts.