As Bitcoin hits a new high, Hyperliquid whale Qwatio follows in the footsteps of James Wynn, suffering a liquidation loss of nearly 26 million dollars!
Bitcoin (BTC) soared to an all-time high today, driving a widespread rally in the crypto market. However, behind the market euphoria lies significant differentiation: on one hand, long-term holders (like Satoshi Nakamoto) saw their wealth surge, landing them on the global rich list; on the other hand, high-leverage short positions traders suffered heavy losses. Hyperliquid whale trader Qwatio faced a massive liquidation of his $334 million position in just three hours due to aggressive shorting during the bull run, resulting in a staggering $25.8 million loss, almost wiping out previous profits. This incident mirrors the recent devastating loss of another well-known trader, James Wynn, highlighting the extreme risks of crypto margin trading in one-sided markets. Meanwhile, long positions trader Aguila Trades successfully returned to profitability, earning $2.3 million. The market's intense fluctuations have reignited a core debate: in crypto investments, which is superior, high-leverage short-term trading or the patient holding (HODL) strategy? How should Russian crypto traders choose?