Suspected "insider trader" @qwatio faces liquidation after 40x leveraged short on BTC, with an unrealized loss of $1.146 million

BlockBeats News, on September 26, according to on-chain analyst Ai Yi (@ai_9684xtpa), a suspected "insider trader" address associated with @qwatio has suffered an unrealized loss of $1.146 million from a 40x leveraged short position on BTC, and is close to its liquidation price. The current account has no additional available margin. The current positions are as follows:

BTC 40x short position: entry price $108,855.4, liquidation price $110,284.6;

XRP 20x short position: entry price $2.71, liquidation price $3.08.