Insider trader @qwatio has lost $13.12 million in this short-selling attempt

According to ChainCatcher, market sources reported that on July 3, the so-called "insider trader" @qwatio had another $41 million in short positions liquidated. This time, after increasing his BTC and ETH short positions to $250 million, he was once again liquidated down to $160 million.

It is reported that he used $16.28 million in margin for these short positions, but now only $3.16 million remains. In other words, he has already suffered multiple liquidations, losing $13.12 million.