Insider trader loses more than $24.7 million in two short

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On July 14, according to @EmberCN monitoring, within one and a half hours, the "insider trader" @qwatio's short position was liquidated for $210 million. This short position now has only $58 million left, with margin remaining at just $1.58 million. His previous $26 million profit has been almost entirely wiped out by two short trades: the last short trade lost $16.27 million, and this current short trade has already lost $8.46 million. Now he basically only holds a short on BTC, and after moving all margin to the BTC short, his BTC short entry price has risen to $121,176. It seems the trader has placed his last hope on this BTC short.

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