Trader Loses $12.5M in a Week While High-Stakes Crypto Bets Backfire
An aggressive crypto trader operating under the alias "qwatio" has reportedly been wiped out in a series of high-leverage losses, according to on-chain data from Lookonchain.
Over the past week, the trader was liquidated eight times, with total losses climbing to $12.5 million.
The latest setback came on Monday, involving a 25x leveraged Ethereum position. With ETH struggling to hold ground around $2,450, the trader’s new liquidation level is now set at $2,534 — dangerously close to recent price action. A similar fate hit their Bitcoin trade, now threatened at $109,170.
Just days earlier, Lookonchain had flagged six liquidations in under 72 hours for the same trader. Despite a profitable streak in March — including leveraged wins on ETH, BTC, and even a memecoin tied to Melania Trump — qwatio’s recent trades have taken a sharp turn.
Meanwhile, controversial trader James Wynn resurfaced with a 40x short on Bitcoin, targeting a big payday from a relatively small $37,000 position. However, he reversed course within hours, flipping to a long as BTC dipped toward $107,000. Wynn is no stranger to extreme risk — past trades have cost him hundreds of millions, including a suspected $300 million stealth position earlier this month.
Amid the volatility, one unknown trader has quietly outshined both. Starting with just $6,800, they turned it into $1.5 million by contributing over 3% of maker-side liquidity on a major exchange — clocking $1.4 billion in volume over two weeks.
In crypto’s high-stakes arena, fortunes can swing fast — and not always in the direction traders hope.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
