PANews reported on July 2nd that according to on-chain analyst Yu Jin's monitoring, the insider whale @qwatio's short position was just liquidated for $50 million after adding to the position. After the whale added to the short position yesterday, BTC had pulled back to around $105,500, and its short position was almost break-even but not closed. As the market rose tonight, its short position was again forcibly liquidated for $50 million.
This short operation has gone through multiple "liquidation → adding position → re-liquidation" cycles, with the short position reduced from $250 million to $200 million, and the remaining position still faces liquidation risk. Specific holdings:
40x leverage short 1,131 BTC (worth $122 million), entry price $106,697, liquidation price $108,768
25x leverage short 33,000 ETH (worth $82.58 million), entry price $2,452, liquidation price $2,508
